We have had a new paper published through The Bruges Group.
It is about the ECB’s new QE programme, called the PEPP or Pandemic Emergency Purchase Programme.The sub-title of the paper encapsulates it very nicely: “the undermining of the Eurozone as a free financial market, the epitome of the failure of the Euro project, […]
Second article based on my interview with the Daily Express
about tax avoidance and state aid by companies using bases in Ireland and
Luxembourg to trade into the UK…
My interview for the Daily Express with Ciaran McGrath on the abuses and state aid used to deny the UK exchequer billions of pounds of tax revenues on UK sales:
Storm clouds gather for the Northern Ireland Protocol
From our special European correspondent Hieronymus Graf von Lupin-Bridgerton
EU officials moved today to close the Irish border in
response to the shocking revelation that COVID-19 immunity can be passed
person-to-person, from one who has received the vaccination to one who has not.
Tests carried out at Laboratoire Macaroonier in Paris showed
This is the paper in which I explored the misuse by the EU of Article 122 in the Treaty on the Functioning of the European Union in order, in this case, to bypass the normal budget process and set up the coronavirus recovery fund, euphemistically re-named as Next Generation EU.
Please click here to download
The powers […]
Mustier walks the plant to enable Unicredit/Paschi merger – over the small matter of a €20 billion valuation gapBob
From the fiction shelves of any Italian public library…
Jean-Pierre Mustier – the CEO who has restored Faith in Unicredit – is leaving: a bombshell. This demonstrates the desperation of the Italian political and financial establishment to get Monte dei Paschi di Siena (MPS) packed away safely to a domestic institution, and to pacify Brussels by […]
There is ongoing dispute about the next EU budget of which the COVID-19 recovery package (“Next Generation EU” or “NGEU”) is a part, on the basis that the money should or should not be tied to adherence to EU diktats in other areas.
A focus on this area is convenient for the EU as a
distraction from […]
We visited the Bundesbank in December 2019 to discuss the large imbalances in TARGET2, and to discover how these imbalances were derived from the 600 original account balances.
These are the balances on the 600 nostro and vostro accounts held between the 24 TARGET2-participating National Central Banks and the ECB itself.
We were given the Multilateral Netting […]