EURZONE Consumer inflation below estimates | read this item
Euro zone consumer prices rose by a smaller-than-expected 0.9% year-on-year in February, a first estimate from the European Union’s statistics office showed on Tuesday, slowing from a 1.0% gain in January.
Economists polled by Reuters had on average expected a 1.0% year-on-year increase. There are no details or breakdown available with the flash estimate.
The European Central [...]
Oedipus wrecks
By Chan Akya
Asia Times
Heaven is where the cooks are French, the policemen are English, the mechanics are German, the lovers are Italian and the bankers, Swiss. Hell is where the cooks are English, the policemen are German, the mechanics are French, the lovers are Swiss and the bankers Italian.
ECB in a fix: Trichet is as chill as ever! | read this item
Trichet is one of the stalwarts of the economic crisis of 2008. He steered the EU economy through one of the most difficult eras after its creation and yet has maintained one of the cleanest balance sheet (Deficit 6% of GDP: one can almost mistake it for China or India Balance sheet).
While the foolish jokers [...]
Budget Balances: Greece and Rest of World | read this item
MOST rich-country governments will struggle with huge budget deficits in 2010. A decade ago small surpluses were common in many rich countries (although not in Japan), but these are long gone. As economies pull out of recession, government spending will have to be cut and, with luck, tax revenues will gradually rise again. But paying [...]
Trichet is one of my favorites Central Bankers along with Reddy, the Indian Central Banker. Trichet bucked tremendous pressure from FED to adopt the asset purchase program which the US FED entered with drama that fits a Bruce Wills thriller in Oct 2008.
As a result, ECB is far more better placed than the US FED [...]
In an economy that had fiscal excesses prior to the financial crisis and was not able to mount the stimulus that some other countries did, Italy’s performance is impressive. It is also impressive that at a time that other economies are struggling mightily, Greece with debt, Spain with real estate and Iceland with responsibility, Italy, [...]
EU: Facing first of major polticial hurdles | read this item
Will the EU stand up and show some teeth as they bring the spoiled nations like Greece and Spain, to discipline.
Ambrose Evans writes for Telegraph quoting from the report:
The author makes a string of vaulting, Jesuitical, and mischievous claims, as EU lawyers often do. Half a century of ever-closer union has created a “new [...]
China FDI shows no sign of slow down | read this item
I am surprised at the number of traders who are bearish on Chinese markets.
The flow of FDI into china simply does not show any signs of tiring leave alone bubble and burst signs.
China’s foreign direct investment (FDI) reached its highest total in 16 months during November, sustaining the rising trend since August, a [...]
FT quoted
Greece’s bond markets have this week seen the most spectacular collapse in the history of the eurozone as investors have decided the country’s public finances may be beyond repair. It is a warning to other governments as the fall in the Greek bond markets could be repeated in other eurozone and developed economies unless [...]
EU miracle economy: Italy | 
China FDI shows no sign of slow down | 
