English content

  • Christine Lagarde : “progress to reform the EU system was too slow“

    LagardeThe EU still prizes short-term political integration over long-term social cohesion, today's treaty over tomorrow's relationship. "Some prominent policies have even been mired in scandals that violate the most basic ethical norms – open borders, restrictive financial bailouts, and lack of financial auditing". Christine ... MAI DEPARTE...

  • Currency swap agreement - China and the European Union

    ChinejiIn fact, in a globalised world, there is simply no alternative to increase competitiveness. Reforms are essential. We either accept the challenge or Europe will surrender unconditionally to Asia. Merkel's medicine may be bitter but it will allow us Europeans to survive. Those who produce innovative goods with high quality will keep their ... MAI DEPARTE...

  • Separate strategy for non-bank financial institutions

    Money1The Economic and Monetary Affairs Committee adopted an own-initiative Report on the recovery and resolution of non-bank financial institutions. The Report emphasizes the need for contingency plans for adverse market circumstances for central counterparts and central securities depositaries. The Report also addresses asset managers, payment ... MAI DEPARTE...

  • The Single Supervisory Mechanism, green light from The European Parliament

    European ParliamentThe European Parliament gave its final green light to a legislative package establishing stricter banking supervision. By the end of next year, the Single Supervisory Mechanism for the banking sector should be fully operational. This completes the first pillar of the so-called Banking Union.

    The European ... MAI DEPARTE...

  • Hypocrisy starts with the cash flow

    Nsa"During the past decade, the NSA has secretly worked to gain access to virtually all communications entering, leaving, or going through the country. A key reason, according to the draft of a top secret NSA inspector general’s report leaked by Snowden, is that approximately one third of all international telephone calls in the world enter, leave, or transit the United States.

    “Most ... MAI DEPARTE...

  • In politics, supply is slow to meet demand


    CrowdDemocratic politics is not "consumer goods”, it is "citizen goods”. Politicians are not chocolate manufacturers asking their consumers how they'd like their chocolate to be better manufactured. It's far more complicated than that - unless you insist on being a village idiot, and seeing everything as a bar of chocolate. Unfortunately, a lot of people are insisting on ... MAI DEPARTE...

  • International Monetary Fund and Cyprus alternatives

    ImfThe International Monetary Fund, at long last, has begun to open up. Gone are the days when it acted as a handmaiden of Western, mainly US, economic orthodoxy. It is even throwing a gauntlet down to the mighty US Federal Reserve, questioning the effects its constant monetary boosting has had on the rest of the world.
    Given that the IMF is the key ... MAI DEPARTE...

  • The E.U. Parliament is refusing the budget as is

     Euro ParlLe Point : "Le Parlement européen ne peut accepter en l'état l'accord trouvé aujourd'hui (vendredi) au Conseil européen. Nous regrettons que M. Van Rompuy n'ait pas parlé, ni négocié avec nous au cours des derniers mois", ont indiqué les parlementaires. Les chefs d'État et de gouvernement européens se sont mis d'accord vendredi, à l'issue d'un sommet ... MAI DEPARTE...