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…
The modern monetary theory debate is welcome in a world laying bare the constraints of conventional policy Read here
Let us be honest, the EU perpetually breaks rules, laws, and treaties. Bill Mitchell lists many of these. Read here
G7 plans to apply a minimum tax rate of 15% on the offshore profits of multinationals. Let us be clear: if we leave it at that, it is nothing more and nothing less than the […]
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