Month: April 2013

Deposit Leak in Southern Europe as Money Heads for Germany; Stress Indicators from Saxo Bank
April 17, 2013 0

Deposit Leak in Southern Europe as Money Heads for Germany; Stress Indicators from Saxo Bank

By News Desk

Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week’s email. click on any chart for sharper image European Demand Deposits Steen writes: "Europe’s depositors – mainly the weak Club Med states (Greece+ Portugal) continue to take money out of the country – even increasing the speed with which they do it." Steen sarcastically added "Sure Mr. Draghi, the ECB has been a great success.

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?
April 16, 2013 0

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?

By News Desk

Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts