Cypriots Discover the Debt Jubilee

Cypriots Discover the Debt Jubilee

Come again? Cypriots discover the debt jubilee? Well yes actually, that is basically how depositors at Cypriot banks have been treated by the Troika, even if the decision to grab up to 9.9% of cash deposits to finance a bail out of the finance sector is being...
LIBOR: City absolutism and raison de marché

LIBOR: City absolutism and raison de marché

What’s the difference between Monaco and the City of London?  One is a micro-territory governed by absolute fiat, hollowed out by property speculation, gambling, and the concealment of great crimes of wealth, and the other is Monaco. In case your wondering,...