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That Intergovernmental Feeling

09.12.2011
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    So we have the first results out from the latest round of talks to “save the Euro” and “tackle the crisis”. You have probably read about the UK’s latest “opt-out”, about how this means that there will be further “deepening” between the euro-zone 17 + (probably) 8 others while the UK, Sweden and [...]

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AAA

06.12.2011
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Luxembourg is hanging onto its triple-A rating by the skin of its teeth. A string of the “well-to-do” nations in Europe wake up every Monday nowadays dreading the much-feared Standard & Poors downgrade from AAA to AA. Many still live in the land of make believe where they think that a downgrade is nigh impossible [...]

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La crisi l’e bela

29.11.2011
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Fiorello revises an old Italian cabaret classic. Modern Times? Dreams In my dreams I have a plan

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Rush on the Central Bank

28.11.2011
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The Times reports that there is nothing to worry about the queues forming outside the Central Bank. The picture taken by the Times shows a snaking queue outside the Valletta office of the Central Bank. Obviously the Times’ calming headline must be read in the context of the current economic scenario. Belgium for example is [...]

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Press Standards & Poor Berlusconi

20.09.2011

Italy’s sovereign debt rating has been revised downwards (A from A+) by Standard and Poor’s. The marginal comment to this revision was that the country’s outlook was “negative”. Notwithstanding Berlusconi’s “manovra” that seemed to have appeased worries in the institutional corridors of Brussels, the credit rating agency “cited fears over Italy’s ability to cut state [...]

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Crisiswatch

12.09.2011

Controversial historian Niall Ferguson sees no solution for the current European Debt Crisis which he describes as a “European Lehman Brothers“. Are we really in for a shocker? Is the biggest strike still to be dealt on the European economy? Will the euro suffer the consequences? Worse still, is it – as Joseph Muscat would [...]

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