Monti lashes out at Germany ahead of summit By Guy Dinmore and Giulia Segreti in Rome and Peter Spiegel in Brussels ©Reuters Mario Monti has set the stage for a tough fight with Germany at the EU summit this week, insisting that he will continue to push Italy’s proposal to use eurozone bailout funds in […]
Everyone is nervous about Europe. Me too. I have no way of knowing how much of this is already priced in the market. You’d have to say a lot based on the violent reaction in the oil patch, some European markets but I don’t see any positive outcome from this weekend vote in Greece. If […]
I’ve been struggling with a metaphor to describe the state of affairs in Europe. I’ve got it now. It’s a bad marriage . All parties now realize they’d be better off ending it except they can’t afford the divorce. At some point, my guess is that Germany answers the question, “Why are euro divorces so […]
I don’t pretend to know what’s going to happen but I’ve said many times, the world would be much better off without the euro. For reasons beyond my comprehension, the Europeans seem hell bent on keeping it. Perhaps this speech from George Soros will make it clearer to you. Remarks at the Festival of Economics, […]
Spain’s Banking Rescue Should Become Example for Europe Europe’s leaders can’t save their currency union without figuring out a way to salvage the region’s banks. Spain is a perfect place to start.Perhaps no country better illustrates the mutually reinforcing links among the euro area’s banking, sovereign-debt and economic crises than Spain. Its banks are […]
Not much needs to be said here. Apple makes more money than three european countries combined ($33 bil in earnings vs $32 bil in earnings for Europe). Its valuation is more than three european countries combined. How big can Apple get? Apple to Top Spain, Greece, Portugal: Chart of the Day – Bloomberg.
Guest post by: Insider Monkey We have been urging investors to focus on high dividend stocks for the past year. The problem is, most people don’t know how to time the market. Dividend-yielding stocks are valued like any other stocks, and, like other investments, when they are undervalued is the best time to buy. […]
Oil markets see a bit of a boost from France’s push toward cutting the grace period before implementing a ban on Iranian crude in half, breaking a 4 day loosing streak. Jan. 17 (Bloomberg) — France is pushing for faster enforcement of the European Union’s proposed ban on oil imports from Iran, two officials with […]