Britain goes from one massive accounting scandal to the next. There are two parallels: The reports were egregiously wrong and the accounting firms earned loads of money for these reports.
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EU politics
The Irish Times: Up to 60 migrants feared dead after attempting to cross Mediterranean from Libya
As many as 60 people are feared to have drowned on a vessel carrying migrants across the Mediterranean from Libya to Italy or Malta, the operators of a charity rescue group said on Thursday. SOS […]
Finance
Shaun Richards: The Novo Banco saga has been one of misrepresentation and woe
Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all […]
Economics
Bill Mitchell: The last thing policy makers should be thinking about right now is creating a recession
Policy makers should ignore the noise from the financial markets and decline to ratify their gambling. They should be patient and let the supply side constraints ease as the pandemic eases. Their attention should be […]
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