Tag Archive: Jean-Claude Juncker

Why the European Recovery Plan Will Likely Fail

2020-06-20

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2020-06-20

The €750 billion stimulus plan announced by the European Commission has been greeted by many macroeconomic analysts and investment banks with euphoria. However, we must be cautious. Why? Many would argue that a swift and decisive response to the crisis with an injection of liquidity that avoids a financial collapse and a strong fiscal impulse that cements the recovery are overwhelmingly positive measures.

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What Really Happened In Europe

2018-05-10

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2018-05-10

Europe Real Gross Domestic Product, Jan 1995 - May 2018
The primary example of globally synchronized growth has been Europe. Nowhere has more hope been attached to shifting fortunes. The Continent, buoyed by the persistence of central bankers like Mario Draghi, has not just accelerated it is actually booming. Or so they say.

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FX Daily, February 23: Dollar Chops About, as “Fairly Soon” Does not Mean mid-March

2017-02-23

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2017-02-23

FX Performance February 23 2017 Movers and Shakers
The US dollar is confined to narrow ranges today within yesterday's ranges. Equity markets posted small gains in Asia and have an upside bias in Europe. Core bond yields are softer, and today this includes France, but peripheral European 10-year benchmark yields are 3-6 bp firmer. Italian bonds are the poorest performer, while the 10-year Dutch bond yields are off the most (3.2 bp to 0.56%) despite the looming election.

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Brexit brings specter of common EU tax plan, and bodes poorly for Switzerland’s immigration negotiation

2016-10-28

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2016-10-28

European Union
Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner. Less than two months after the European Union ordered Ireland to claw back a record 13 billion euros ($14.2 billion) from Apple Inc., saying the nation illegally allowed the iPhone maker to reduce its tax rate, the European Commission will propose legislation for a Common Consolidated Corporate Tax Base on Tuesday.

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Juncker eyes Swiss-specific EU immigration deal despite Brexit

2016-09-25

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2016-09-25

European Commission President Jean Claude Juncker
European Commission President Jean-Claude Juncker said he was aiming to solve a two-year-old dispute with Switzerland over immigration in a country-specific manner even in the wake of Brexit. The Swiss government has been at pains to implement restrictions on European Union newcomers decided upon in a 2014 referendum without annulling an economically important set of treaties with the 28-country bloc.

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EU Sends Obsolete Industries Mission to China

2016-07-13

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2016-07-13

The European press informs us that a delegation of EU Commission minions, including Mr. JC Juncker (who according to a euphemistically worded description by one of his critics at the Commission “seems often befuddled and tired, not really quite present”) and European Council president Donald Tusk, has made landfall in Beijing.

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Who Is The “European Movement” And Why The Answer May Change How You Vote On “Brexit”

2016-06-23

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2016-06-23

The UK has to choice: Remain as sovereign state or merge it into the undemocratic United States of Europe. Big business, banks, central banks and the IMF want to excercise their power through unelected officials. And wonder who is responsible for the "European Movement."

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