Nigel Farage Defends Hungary

Theresa May Taking Britain Down with the EU Ship?

The talk in the city of London is that there is now a rising chance that Theresa May will be gone perhaps by November or by Christmas at the latest. About 50 conservative MPs have been thoroughly fed up with the PM. The split she has caused in the Conservative Party has certainly put the British […]

Now we have IREXIT forming in Ireland

There is a new Irish political party emerging in the Republic of Ireland to promote leaving the EU, which was inspired by the successful BREXIT movement. Theresa May has really messed up the entire BREXIT movement and at the same time, this has exposed Europe for what it really is – a power and money […]

The Fight Behind the Curtain inside the EU

Italy is the third largest economy in Europe just behind France, but it is number two insofar as industrial production is concerned. The French manufacture three main brands, Peugeot, Citroen, and Renault, in the world of automobiles which are not very popular in the USA. The Italians, however, have the more recognized brands worldwide such as Ferrari, […]

Merkel Objects to France’s Vision of a EU Finance Minister

Chancellor Angela Merkel has rejected France’s Macron’s proposal for the establishment of a euro finance minister. Merkel has also stated that she wants a planned EU budget for the Eurozone area as part of the EU budget. She does not want an independent budget for the 19 countries of the monetary union. Merkel is still […]

Italy Warns that Stopping QE will Lead to Collapse of Eurozone

Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds […]

NATO Meeting Fire & Fury Trump Converts NATO to Trade Summit

  Perhaps the most interesting observation of how Trump handles negotiations is that he approaches them as a businessman rather than a politician. He certainly does not play nicely or puts on the pretense that everything is wonderful in the land of politics. Indeed, NATO officials were on edge and nervously welcomed President Trump who arrived […]

Diversity in Europe is the Key to Understanding the Eurozone Crisis

COMMENT: Mr. Armstrong; I find your analysis refreshing here in Europe. Sometimes we cannot always look in the mirror objectively. You are correct that perhaps the greatest fault in trying to create the euro has been this idea of forcing one culture upon everyone in Europe. The feelings about the EU are very different in […]

ECB & Bonds – People Believe What They Want to Believe

QUESTION: the ECB is arguing that given the low free float of EU bonds (especially German), bonds not owned by the ECB or other central banks, the impact of an end to APP purchases will be nowhere comparable to the tapering sell-off in the US in 2013. Bank research teams are hanging on to this idea […]

Europeans Pray for QE to End?

  There is much hope buzzing around in Europe that Draghi is planning on ending Quantitative Easing. This is giving the Euro a bit of a lift in hopes that higher interest rates will stem to drastic capital outflows from Europe that resemble rats fleeing a sinking ship. Back on May 14th, Mario Draghi said the […]