We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
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Positive Money: UK consumer credit approaches 2008 peak
EU politics
Reuters: U.S inquiry deepens Danske money-laundering crisis
Why are corrupt EU banks so afraid of US investigations, but appear not to be concerned about consequences from the EU? Read here
Media
Bella Caledonia: Wrapping Paper Fury
This is a good account of the newest success of the campaign Stop Funding Hate in the UK. It is an attempt to convince companies not to advertise in media that propagate hate against migrants […]
Corruption
Bloomberg: KPMG, EY Reported to Police Amid Danish Laundering Probes
The big four auditing companies are caught up in almost every major financial scandal in Europe. Now in Denmark. Read here
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