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Financial Institutions

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Austerity

Emma Clancy – The eurozone’s ‘soulless market’ and its thuggish enforcers

April 12, 2019 Mathew D. Rose 0

The EU hegemon Germany has rigged the Euro to serve its interests. Germany has been the big winner, having benefited by €1.9 trillion from the euro between 1999 and 2017, or around €23,000 per person. […]

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Economics

Bill Mitchell: ECB denial is just embarrassing

April 5, 2019 Mathew D. Rose 0

Understanding the failures of the European Central Bank Read here

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Corruption

Reuters – Explainer: Europe’s money laundering scandal

April 5, 2019 Mathew D. Rose 0

A nice summary of EU money-laundering – up to now. This story still has a lot of road ahead of it as the US authorities tend to be more strident in their investigations (see the […]

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Economics

Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3

April 4, 2019 Mathew D. Rose 0

“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]

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Finance

Vox: Elizabeth Warren wants CEOs to go to jail when their companies behave badly

April 4, 2019 Mathew D. Rose 0

If the EU introduced a similar law they would have to start a programme for building new prisons. The City of London would fill one or two, Volkswagen and Deutsche Bank one as well. Read […]

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Economics

Katie Kedward – Why It’s Time to Abandon the Myth of Central Bank Independence

April 2, 2019 Mathew D. Rose 0

Monetary policy should serve the interests of people and planet, not free market ideology. Katie Kedward is a Postgraduate student in Ecological Economics Cross-posted from Open Democracy On 23 October 2008, the former Federal Reserve […]

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Economics

Spencer Veale – Modern Monetary Theory and Positive Money: Shadow Banking

April 1, 2019 Mathew D. Rose 0

As part of our series of blogs examining the relationship between Modern Monetary Theory and Positive Money’s proposals, this guest post by Spencer Veale examines the shadow banking sector in the context of that relationship. […]

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EU politics

Yanis Varoufakis – Why the Deutsche Bank merger with Commerzbank must be stopped

March 27, 2019 Mathew D. Rose 0

The official story is one of creating a national champion, a German bank large enough to compete with American investment banks. The truth is far less heroic and a lot more sordid than that. Here […]

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EU politics

Emma Clancy – Brussels’ plan for bad loans is a second bailout for the banks

March 25, 2019 Mathew D. Rose 0

“Moving almost a trillion euros out of the regulated and relatively transparent banking sector into the opaque and almost totally unregulated shadow banking sector is incredibly misguided and will pose massive new risks to financial […]

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EU politics

EU-OCS: France’s record fine for UBS

March 25, 2019 Mathew D. Rose 0

In the first of three reports on tax evasion in Europe EU-OCS explores France’s record fine against Swiss banking giant UBS in what the court called a case of fraud of ‘exceptional magnitude.’ Read here

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Book Reviews

Economics

Socialist Economics in Yugoslavia – A Critical History by Marko Grdešić and Mislav Žitko

December 3, 2025 0

Book Review by Branko Milanovic´ When on 28 June of 1948 Joseph Stalin wrote a latter on behalf of the Cominform to ask Yugoslavia’s communists to get rid of the “Titoist clique” and to return […]

Geopolitics

Complicit – Britain’s role in Israel’s genocide by Peter Oborne

October 29, 2025 1

Book Review by Martin Shaw Cross.posted from Declassified UK As British people have turned against Israel’s destruction of Gaza, leading figures in its present and former governing parties still deny that Israel has committed even […]

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