As long as the system is closed and the regulators powerful, they can restructure liabilities at will to prevent a collapse. More likely is a very long and costly financial adjustments as Beijing slowly cleans up what is becoming an increasingly zombified banking system.
Just when you think the Spanish Social Democrats have run out of ideas to repress democracy, they prove us wrong. Read here
Germany’s biggest residential landlords declined on concern that the City of Berlin will freeze rents in the capital for five years in response to a surge in housing costs. Read here Photo by Roland Hoppe […]
Once again corporation profits over our future. The EU is always reliable to work against our interests. Read here
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