Another annoyance for the EU, but as long as the corrupt Romanian political class maintains the four freedoms guaranteeing a neo-liberal diktat, it will remain just that: an annoyance. By the way, the party leading the Romanian political mafia are the Social Democrats, who are part of the faction Progressive Alliance of Socialists and Democrats in the EU parliament, together with among others the German Social Democrats, Spanish and French Socialists, and the British Labour Party. What was the saying about birds of a feather?
Finance
Jan Fichtner: The Cayman conundrum: why is one tiny archipelago the largest financial centre in Latin America and the Caribbean?
A good summary of the role of the Cayman Islands as a tax haven. Hopefully that will start to change in 2020 after the UK Parliament passed a law imposing public registers of beneficial ownership […]
Austerity
Yanis Varoufakis: Ten Years After Lehman’s Collapse: What caused the Crash of 2008 is now shaping our post-modern 1930s
“In the autumn of 2008 events unfolded in Wall Street that the crushing majority of people around the world had been led to believe could never occur. It was the financial equivalent of watching the […]
Economics
Unearthed: Top hedge funds made $1.9bn on grains ahead of the Ukraine war food price spike
Financial players made bumper profits on food commodities trades, analysis finds, but experts fear this contributed to spiralling food prices Read HERE
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