May 11, 2013
Germany France Feud Erupts Again; German Central Bank Head Blasts France
Read More: Germany France Feud Erupts Again; German Central Bank Head Blasts France
Hard hitting global and local news
Hard hitting global and local news
Read More: Germany France Feud Erupts Again; German Central Bank Head Blasts France
President François Hollande’s popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle .
Taken from: Sharp Deterioration in French Manufacturing; Hollande Orders Employers to Pay 75% Tax; Top Executives Join France Exodus
Beppe Grillo "We are the French Revolution Without the Guillotine" With Beppe Grillo and unwilling to form a coalition government, and with Prime former Prime Minister Silvio Berlusconi making demands that Bersani will not go along with, Italian President Giorgio Napolitano Considers Options . One of those options includes stepping down early so the next president can call elections
Flash Eurozone PMI Composite Output Index at 46.5 (47.9 in February). Four-month low
View article: Extremely Difficult to Keep Up With Economic Stupidity
James Fallows thinks about the ten year anniversary of the Iraq invasion. He says he’d like to hear from the liberal war hawks and what they’ve learned. I don’t quite fit that category – not always a liberal for one thing, and was undecided rather than a supporter of the war.
Via Email, Michael Pettis author of " The Great Rebalancing " (see "Great Rebalancing" Book Review: Two Thumbs Up ) dispels the myth that Spain and peripheral Europe are on a sustainable rebalancing path relative to Germany. Pettis writes …