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Will Mr. Draghi save the euro, again?

p.3Since 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…

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The taxation trap

Published in ‘New Europe’ Print and Digital Editions

Taxation trapAfter 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…

The ECB stress tests: hopes and delusions

Published in ‘New Europe’ Print and Digital Editions

Stress testsThe 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…

The Holly Spirit, a tale of the European South

Published in ‘New Europe’ online edition

espirito_santo_portugalThe 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…

Foreign investment or tax righteousness?

Published in ‘New Europe’ Print and Digital Editions

Foreign investmentIf 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…

Hard times ahead for Mr. Draghi

Published in ‘New Europe’ Print and Digital Editions

Draghi2“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.

Read more…