Finance
Reuters: Swiss prosecutors seek widening of secrecy law to bankers abroad
Interesting how often laws are either interpreted or “improved” to protect the interests of the 1%. Read here
Financial Institutions
Deregulation
Anat Admati: Seeing through “the banker’s new clothes”
Anat R. Admati holds a bachelor’s degree from Hebrew University in Jerusalem and a doctorate from Yale University, and is a professor of finance and economics at the Stanford Graduate School of Business. Her recent […]
Finance
Richard Murphy – The overthrow of unjust wealth is possible
Richard Murphy explains that while ending wealth distribution disparity may be a revolution, it need not be violent and can be achieved with a good dose of wealth taxation and a willingness to reject the […]
EU politics
Investigate Europe – Europe’s new reserve army
Millions of Europeans in temporary, part-time or bogus self-employed contracts can only find insecure and badly paid jobs, despite the healthy economic climate. That is the price of deregulating labour markets, Investigate Europe reports. This […]
EU politics
Heiner Flassbeck – Thank god, it’s over
Wolfgang Schäuble is no longer Finance Minister of Germany – and de facto of Europe. Following eight years of misguided and destructive policy Europe is trying to extricate itself from Schäuble’s failed legacy. The very […]
Finance
Simon Wren-Lewis: A European Monetary Fund
Wren-Lewis takes a very sobering approach to the idea of creating a European Monetary Fund. The problem is, who should run it? Definitely not politicians, writes Wren-Lewis. He sees the technocrats as the lesser evil. […]
EU politics
Bill Mitchell: The sham of ECB independence
The ECB’s power is disturbing in the sense that its decision makers are unelected and largely unaccountable. It does have to provide reports to the European Parliament but it mostly does what it likes. Worst […]
Economics
Lars Syll – Why the ‘analytical’ method does not work in economics
Deductivist models and ‘analytical’ methods disconnected from reality are not relevant to predict, explain or understand real-world economies. Lars P. Syll is an economist at the Faculty of Education and Society at Malmö, Sweden Cross-posted […]
Corruption
Fintan O’Toole: The corruption of Irish banking goes back 30 years
Fintan O’toole is right. The problems with the banks, be it in the US, UK, and apparently in Ireland, started 30 years ago, which is when neo-liberlalism began its crusade. It marked the end of […]
EU politics
David Shirreff – Nationalising banks: be careful what you wish for
The grass is always greener on the other side of the fence – or the English Channel. Anyone who has experience with German Landesbanks, Sparkassen, or KfW knows that they are far from perfect. In […]