Since yesterday, Mr. Draghi is the new superstar of the euro zone, and the Union as a whole. At least, he kept his July 2012 promise to do “whatever it takes” to save the Euro (and the EU). His statement was credited with changing the course of the euro zone’s crisis, and keeping the monetary union Read more…
Published in ‘New Europe’ Print and Digital Editions
After the 2008 financial crisis and the 2010 sovereign debt debacle, tax-hungry Western governments intensified their worldwide campaign to increase tax receipts. International bodies such as the Financial Action Task Force (FATF) and the Organization for Economic Cooperation Read more…
Published in ‘New Europe’ Print and Digital Editions
The three main objectives of the Eurozone banks’ ‘Comprehensive Assessment’ as defined by the European Central Bank (ECB) and the European Banking Authority (EBA) are: to strengthen banks’ balance sheets; to enhance transparency by improving the quality of information available; Read more…
Published in ‘New Europe’ online edition
The tale is well known in every Southern European country. It all begins with a prominent banker, who usually belongs to a powerful family. The family runs a business empire, spreading to several economic sectors. Family members Read more…
Published in ‘New Europe’ Print and Digital Editions
If you think that life is complicated, you might want to take a look at tax matters and think again. For instance, let’s take this line of seemingly unrelated events: US medical devices giant Medronic acquires British company Coviden and relocates to Ireland; Apple, Startbucks and Fiat are formally Read more…
Published in ‘New Europe’ Print and Digital Editions
Celebrating the 70th anniversary of ‘D-Day’ is a unique opportunity for Presidents Obama and Hollande to have a tête-à-tête dinner, just the two of them, in order to discuss whatever they deem important for the bilateral relations of the two western allies. Bets are, however, that Read more…
Published in ‘New Europe’ Print and Digital Editions
“No one’s better than Draghi at saying little, doing nothing and getting results; he’s the only central banker who understands central banking” tweeted Jim Rickards, one of the most prominent analysts and financial writers of our time, a few days ago.
