While markets worry about a decline in house sales in France, millions of people are left behind, with no home or insalubrious ones. So what’s wrong with the French Housing market? It favors the rich in many ways. (more…)
Warning signs
Things are even worse than you think.
Protesting against each others
Last week’s anti-gay protest is very telling about French society: the rise of moral values as pretexts for ruling political debate. (more…)
A monetary carnage in Greece
"cops, pigs, murderers"
Just a quick update on this blog in order to highlight one very worrisome (and little discussed) fact about the Greek crisis: the plunge of the money supply. (more…)
Euro crisis: worrying facts roundup
Being busy with my projects, I’m not posting very much these days. So here is a quick roundup of warning signs I’m looking in my radar. (more…)
Meanwhile in Ireland: mortgage arrears still growing
While everyone is talking about Grexit, and all eyes are looking at Spain, more and more Irish people find it hard to repay their mortgages, which is a very bad sign of the inexistence of any sustainable recover of the irish economy. (more…)
A run on the spanish banks?
Is there a bank run on the Spanish banks? According to El Mundo, Bankia’s customers did withdraw 1bn euros on a single day last week (the information was then denied by spanish officials). True or not, these allegations are a good opportunity to have a look on the long-term evolution of the deposits in Spain. (more…)
European banks lifeline round up – march 2012
As the crisis deepens, europeans banks are increasingly relying on central banks. What does it mean for the real economy? (more…)
The squeaky problem of the greek silent bank run
With the crisis, greek banks have been suffering from huge deposit flight. Official figures show that at least 80 billion euros have been moved abroad since 2009. What consequences for the greek economy? And how to address the problem? (more…)
Confirmed: central bank of Cyprus is rescuing cypriot banks through ELA
The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection. (more…)
The dark sides of Iceland’s revival
Often quoted as a role model for managing its economic collapse, Iceland is the topic of much discussions on the internet and among current protests in Western countries. While part of this acclamation is justified, one should not idealize the situation of the country now. (more…)
