Fundamentally, this proposed merger isn’t about creating a robust and profitable bank. It is all about German politics. Germany would suffer considerable loss of face if its largest bank were forced into the ignominious European bank resolution procedure, with creditors bailed in and shareholders wiped. How the Italians would laugh…
A financialised economy and weak trade unions mean record employment has done little to increase workers’ pay. Read here
This is an era of gross unfairness. But it will slowly come to an end Read here
The government of Ireland insists it is not a tax haven. The EU thinks it is. So do tax NGOs. So do academics. How is it that everyone is getting this so wrong? Read here
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