According to Paolo Gentiloni, the EU’s economics commissioner, “We never counted on a ‘V-shaped’ recovery. Now we know for sure that we will not have one.”
Read here
Finance
Notayesmanseconomics’s Blog: The Italian banks and how they have contributed to a possible end to deposit protection
This is an interesting blog concerning the state of Italian banks and how their crisis could change EU banking. Read here
Uncategorized
Times of Malta.com: Citizenship list yet to be published
Malta contniues its policy of selling citizenship to the rich. To obtain a Maltese passport, which grants the holder full access to the European Union, applicants must pay €650,000 and invest €150,000 in government stocks […]
Economics
Michael Pettis: 5 Smart Reasons to Tax Foreign Capital
A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce foreign purchases of certain U.S. assets. Read here
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