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Continue reading here: Sarkozy the Self-Appointed Savior Has "No Choice", Must "Reconquer" Voters to Save France
In a foolish as well as never-ending attempt to prevent price deflation and revive growth, the ECB Urges Berlin to Cut Taxes and Spend . Berlin has hit back at calls from a top European Central Bank official urging Germany to spend more to help the eurozone escape from its economic malaise.
A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America . Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment. " The "intriguing piece" is Print Less but Transfer More , Why Central Banks Should Give Money Directly to the People .
Originally posted here: Lesson of the Day: The Political Class Always Wins
Sure enough, Valls wins confidence vote and vows to press on with France reform . France’s prime minister on Tuesday vowed to continue his reformist drive as he won a crucial confidence vote to strengthen his hand in efforts to restart the country’s faltering economy. Manuel Valls said restoring competitiveness was “indispensable†for reigniting growth yet he stopped short of touching the 35-hour working week or other closely held symbols of his Socialist party’s left.
Counting Sheep: French Government Faces Second No Confidence Vote in Six Months Second No Confidence Vote in Six Months In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months . Mr Valls could see a narrowing of his majority compared with the vote when he was first appointed prime minister at the end of March after a big socialist loss in local elections. Then he won by a margin of 306 votes to 239 against, with 26 abstentions.“Valls is politically and economically archaic
Bloomberg reports Scots Independence Campaign Nears Climax as Polls Diverge . Activists were out in force across Scotland during the final weekend before the Sept. 18 ballot that might trigger the breakup of the union after more than three centuries.
Like toothless howling dogs, Eurozone Leaders Warn on Fiscal Rules , shortly after the French budget announcement.
In spite of a massive fearmongering campaign by both Labour and Tories in the UK, Scots Independence Race Tightens Six Days Before Ballot . Scotland’s nationalists drew closer to the Better Together campaign in the latest poll on independence before the referendum, making the run-in to the Sept. 18 vote too close to call.
Please consider Gazprom, Lukoil Hit in New Round of Sanctions . The US dramatically expanded its sanctions against Russia on Friday by adding Gazprom, Europe’s leading energy provider, to the list of targeted companies, as it sought to ratchet up pressure on Moscow to step back from the war in Ukraine.