Month: February 2012

Europeans may one day wake up in an environment of revived national rivalries, new political extremism and a continent without the open borders they once took for granted. This could be a tragedy even worse than the economic turmoil the continent is experiencing at the moment. […]

Holden’s outrageous pay deal is just the tip of an iceberg of wasted subsidies. Australia needs a car industry as much as Germany needs its own black coal mines. […]

To escape from its current mess, Greece does not need more Sisyphus work. It needs someone to tackle the Herculean task of cutting the country loose from Europe’s monetary union. […]

Draghi’s central bank thwarts any attempts at economic reform by taking yields pressure off periphery governments. It keeps a terminal monetary union on life support without curing its many diseases. It creates vast amounts of money which one day may well create inflation outside asset markets, where it is already underway. And it is an imaginative monetary scheme that keeps on giving as long as the next shot of monetary stimulus is in sight – but not a single day longer. […]

To the prospective new owners of DSE, drop ‘Dick Smith’ from the business name. Any association with him and his ranting is a liability. Maybe the chain would become profitable once more if customers were not greeted by his face at the stores. […]

Berlin is only focussing on the fiscal crisis since it does not want to change its own ways. But as long as the Germans are unwilling to accept that they are part of the problem they cannot offer workable solutions to others. […]