The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the way in and now look set to do so on the way out.
Atoning for their mortgage and pension mis-selling scams has cost the UK banks billions, but their payouts perversely kept consumer spending alive. What happens now? Read here
Czech PM Andrej Babiš is the de facto owner of major #titaniumdioxide producer Precheza. Is it any wonder that the Czech Govt & Babiš’ MEPs tried to block the chemical’s classification as “suspected carcinogen”? No. […]