Tag Archives: bond markets

What A Wicked Game to Play: The Truth Germany Conspires to Hide

By Martin Fluck | Published: August 26, 2010
Germany’s politicians are up to their necks in fraudulently covering up the true state of their banking system. Getting serious about cleaning up their banks would mean admitting the financial crisis was not all the fault of Anglo Saxon bankers. The price that Germany and Europe as a whole pays for this disingenuousness is likely to be another full-blown banking crisis. Only this time it will be Chancellor Angela Merkel and her colleagues that end up being cast as the villains.
Posted in Companies, Economy | Also tagged , , , , , , , , , | Leave a comment

Running Faster to Stand Still, Ireland is Going Nowhere Fast

By Martin Fluck | Published: August 25, 2010
Standard & Poor’s cut to Ireland’s credit rating is hardly a surprise given that Irish debt is estimated to peak at 137% of GDP, against government estimates of about 94%, despite austerity that will have seen the economy contract by around 15% since 2008 by the end of 2010.  Many more downgrades can be expected [...]
Posted in Economy | Also tagged , , , , , | Leave a comment