Let this be a lesson to anyone hoping to avoid a couple centuries in prison– nobody fucks with Jimmy Cayne’s roach clip and gets away with it! Read more »
For all their saber-rattling and bold talk about a fix to the problem of global financial risk, the Germans haven’t done a hell of lot to rein in their banks. There is, for instance, no Großdeutschesvolckerregierung. At least, not yet. Read more »
We know that she’s no Paul Ryan, but compared to her opponent in September’s German parliamentary elections, she’s the second coming of Ronald Reagan. Happily for those who care, the German Socialists (can you believe they actually have a party that puts that word in their name?) have nominated for the Chancellery Peer Steinbrück, a man whose never run in an election he didn’t lose and whose suave handling of matters during his time as Merkel’s finance minister ensured that Europe’s approach to financial matters did not quite merit the lofty title of final solution.
For while Steinbrück did not coin the loving term “locusts” for hedge funds and private equity firms—the last man to lead the SPD to defeat at Merkel’s hands, Franz Müntefering, did—he certainly did his level best to extirpate the capitalist demon during his four years at Berlin’s FinMin. But fear not, the media assures. Not only is he 10 points back in the polls, but: Read more »
Flailing Eurozone Countries Agreeing To Two Years Of Austerity Makes About As Much Sense To Nouriel Roubini As Him Agreeing To Go Two Years Without Getting Laid– Which Is To Say, NONEBy Bess Levin
Hand to god, he’d sooner die. Read more »
Greek President Karolos Papoulias slammed Germany’s finance minister for recent comments about his country as stalled bailout talks stoked tensions between Greece and the northern European countries funding its rescue. “I don’t accept insults to my country by Mr. Schaeuble,” Papoulias, who fought in the resistance against the Nazis during World War II, said in a speech today. “I don’t accept it as a Greek. Who is Mr. Schaeuble to ridicule Greece? Who are the Dutch? Who are the Finns? We always had the pride to defend not just our own freedom, not just our own country, but the freedom of all of Europe.” Papoulias’s comments came as Wolfgang Schaeuble and other European officials pushed Greece to gouge more cuts out of its budget to qualify for a new bailout that would stave off an economic collapse. Schaeuble today blamed Greece’s New Democracy party, the second largest, for holding up agreement on a new rescue package and his deputy, Steffen Kampeter, compared Greece to a “bottomless pit.” [Bloomberg]