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Catalonia's Political Crisis Snowballs Into an Economic Crisis

Independence would be “horrific” and amount to “financial suicide,” said Spain’s Economy Minister. But financial suicide for whom?

It’s not easy being a Catalan bank these days. 242 more words

Brussels Business

"It's Sad As Hell" - Swedish Ambassador Admits We're "In The Process Of Dismantling Democracy"

Cross-posted from Zero Hedge

Sweden’s new ambassador to Iceland has sparked a major controversy after warning that Sweden is “in the process of dismantling democracy” and could be on a slippery slope towards technocracy or a dictatorship. 304 more words

Rigging The Game

Germany’s Coalition Talks Are Sowing the Seeds of the Euro’s Breakup

By Edward Harrison of Credit Writedowns Pro

For years now within Germany’s policy circles, there have been many who have pushed for an ‘expulsion’ or ‘voluntary exit’ mechanism for the Eurozone. 572 more words

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ECB Suffers from “Corporate Capture at its Most Extreme”

Many of these banks are implicated in the biggest financial crimes.

No single institution has more influence over the lives of European citizens than the European Central Bank. 211 more words

Rigging The Game

Dear Catalans – A Message from the Chairman

By Mark GB and Originally Posted at Renegade Inc

The characters in this letter are entirely fictional. Any resemblance to real people, alive or dead, is entirely co-incidental, unless of course you think otherwise, in which case, it isn’t. 419 more words

Brussels Business

Catalonia Crisis Far From Over Despite Market Surge

Hopes that Catalonia’s woes could be contained are fading.

On Tuesday night, for the briefest of moments, Catalonia’s government severed its ties with Spain. The region’s president, Carles Puigdemont, declared independence from Spain at around 7.40 p.m., Spanish time. 189 more words

Brussels Business

Spain Teaches Catalonia a Lesson about the Power of Money

Money is fickle and fearful.

Within 48 hours this week, Catalonia, Spain’s largest regional economy, lost three of its seven biggest homegrown multinational corporations and several large national companies — if only on paper — to cities in other regions of Spain. 221 more words

Brussels Business