The SPD in Europe, with the exception of the UK and maybe Scandanavia, has lost its integrity. That is why voters are turning away from the party. “The news was greeted with delight by flag-waving crowds in Bucharest, where pro- and anti-government demonstrations have brought tens of thousands of protestors to the streets in recent weeks.” Yes, EU citizens do so love their political elite.
The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. […]
We are now in a giant parking lot game that threatens the global economy. Thank deregulation and the Ocean Shipping Reform Act of 1998. Read here
This is an interesting blog concerning the state of Italian banks and how their crisis could change EU banking. Read here
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