October 15, 2018

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Lessons from Cyprus

Cyprus Banking

Cyprus Banking

Once again, scary speculation about the consequences of the financial collapse in Cyprus turned out to be rubbish. [Read more…]

Under-exploited assets

Global political power, under-exploited assets

China Industry

China Industry

For both China and Europe, there are only strategic opportunities. A much closer partnership is clearly the route to take. [Read more…]

New East-West Alliance

China Exports

China Exports

China seems to be accumulating most of its additional foreign trade surpluses in euros, rather than dollars. But there could be more behind this policy than asset diversification, or support for Europe’s struggling economy – which takes 18 per cent of China’s exports, more than does the US. [Read more…]

Europe as German Empire

The German Eurozone Empire

The German Eurozone Empire

A year ago I described Europe as being, in all but name, Germany’s empire of 500 million people – but one about to become a major burden. It would nevertheless stand by its “troubled empire.” Notwithstanding domestic opposition, Germany would “provide or mobilize enough financial aid” to avoid collapse of the Eurozone, “which would be so devastating to the nation’s political, economic and financial interests.” [Read more…]