China Hides Data
We had two announcements of central banks in the Europe. First was Bank of England with a new boss Mr. Carney. Second was ECB. The Bank of England mentioned that…
Spain and Italy should be on the radar
When there are no good news in short term let´s create them in the long term. This is definitely slogan of all politicians. European commission for example predicted very slow…
Nothing is weaker than strong Brussels rules
The Governing Council of the ECB decided that main interest rates will remain unchanged. The reasons behind the decision were facts as repayment of 22% of the LTRO program which…
After Cyprus
The rescue package for Cyprus finally consists of a 10 billion euro bailout from the ESM and it has one crucial condition of taxation all deposits larger than 100,000 euros…
Euro Will End in 5 Years
European Commission President Barroso started to criticize the austerity measures that the EU has imposed on the mainly Southern European members states in economic crisis. He stated that while the…
More Debt Means Better Rating
The most important news of this week was connected with US and debt ceiling debate. But let´s start as usually with Europe. Austerity measures are more and more unpopular. One…
Will be Cyprus Rubicon moment?
I think that the Cyprus situation was a dominant one during the last week. I do not want to bother you with the same information you already read somewhere else…
Recession hit the European Union
After the optimistic version that everything is solved in the EU the economy of euro group shrank by 0.6% and EU 27 area was down by 0.5 % in the…
Bitcoin´s week
It was a Bitcoin´s week. Everybody was talking about bitcoins. Last week we had some records concerning bitcoins. First, bitcoin surged to new USD record high when it added 100…
Nothing Has Been Solved
The Euro crisis is not definitely solved. Greece unemployment rate in April 2013 was 26.9% compared to 23.1% in April 2012 and 26.8% in March 2013. The number of employed…