@11:30, 7/22/12

I have had a growing conviction that world economics and more particularly European economics is a complex game.  It is under the control of several active and corporate players.  They are not so much hostile as self involved.
The endpoint of their game is catastrophic collapse because it is in their interest to continue the play as long as possible.  Only catastrophe will halt the play.  Lesser situations provide opportunity for further profit.

The ground is shifting. 

http://www.telegraph.co.uk/finance/financialcrisis/

Super-rich shell out for island paradise

 

Despite the global economic crisis, super-rich investors are continuing to snap up their own little pieces of paradise.

22 Jul 2012

| 2 Comments

German minister: 'horror' of Greek euro exit has faded

 

Germany's economy minister reiterated his doubts about whether debt-mired Greece would be able to stay in the eurozone.

22 Jul 2012

| 1 Comment

Blaming the Spanish victim as Europe spirals into summer crisis

 

It is time for Spain and the victim states to seize the initiative.

22 Jul 2012

| 100 Comments

Forget debt, it's time for companies to use equity to drive investment

 

It is mis-directed, as well as desperate, for the Government to spend so much energy promoting debt .

22 Jul 2012

| 12 Comments

Murcia next Spain region in spotlight for aid

 

Tiny Murcia was on course to be the second Spanish region to request help from the central government to keep it afloat.

22 Jul 2012

| 4 Comments

Greek PM: economy is in a 'Great Depression'

Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday.

22 Jul 2012

| 304 Comments

Blair: Labour partly to blame for financial crisis

Tony Blair admits his government was partly responsible for Britain's economic strife because it failed to grasp the threat posed by a deeply integrated global economy.

22 Jul 2012

Euro exit would bring economic gains

In an exclusive extract from his updated book, Roger Bootle explains why allowing a country such as Greece to leave the euro is not as hard as critics think.