EU

Are we really better off out?

Yesterday, we covered how the EU will change – without the UK to curb its various enthusiasms. Today, we’ll tackle the reverse. How will the…

What will the EU look like without the UK?

I’m sure Brexiteers feel vindicated about Brexit these days. But today, I’m wondering what the EU will look like in the future without the UK…

The threat of Polexit exposes the “legal illegitimacy” of the EU itself

The world stands aghast that a nation state like Poland would declare its own laws as having primacy over those of the EU. Does this…

Is the EU illegal?

While bond markets around the world wobble, the very foundations of the EU do too. And those foundations might not be on very legal ground.…

How much inflation will the Germans put up with?

It pains me to say it, but it’s time to start worrying about Germany again. I’m a German of sorts. Our latest plan to dominate…

Madame Legarde is a tapering data-slave in a Catch-22

Today, we take on the French in the guise of European Central Bank (ECB) President Christine Lagarde. But, if you prefer the Germans, check out…

Evil bankers and flooded stock markets

Nigel Farage is on holidays this week – and so I brought in the reinforcements to cover the latest news about stock markets and geopolitics.…

How Afghanistan defeats Europe’s empire

On Friday, I ask Nigel Farage about whether the mess in Afghanistan would lead to a repeat of Europe’s 2015 refugee crisis. He said something…

The EU faces another Brexit trigger event

In this video, Nigel Farage makes some extraordinary claims about what really put Brexit over the line back in 2016. Extraordinary because the key event…

Project Fear, Brexit-in-name-only and re-join lose in extra-time

While England was busy going football mad, our Chancellor (Rishi Sunak, not Angela Merkel) made an incredibly important speech. It signalled a sea-change in British…

What the end of the euro looks like

The euro was always a political project, rather than merely an economic one. With both a formal fiscal union on the one hand and a…

The euro’s TARGET2 is revealing what’s really going on inside the euro area

While the European Central Bank (ECB) has backstopped the governments of the weaker euro area economies, and thereby their banks, it hasn’t been able to…

Why the euro is failing without bond markets crashing

The Covid-clouds might now be clearing from the European economic landscape. However, as they dissipate, they reveal just how uncompetitive much of the euro area…

Australia, wages and inflation

There was no doubt about our topic for this Week in Review. While the G7 dithered and dallied, the UK trade deal with Australia was…

If vaccines didn’t vindicate Brexit for you, there’s plenty more to come

Jeremy Warner of the Telegraph sums up what has financial markets rattled: Rarely in recent decades have the inflationary warning signs flashed quite as strongly…

Europe’s Black Wednesday is coming

The European Exchange Rate Mechanism (ERM) was a disaster. Between 1979 and 1987, there were 12 realignments of the ERM. In 1992, things kicked off…

The [not so] secret German plan to blow up the euro

A few weeks ago, I interviewed Philipp Bagus, author of The Tragedy of the Euro. In his book he explains the inherent flaws in the…

The Euro Breakup Probability Calculator

[The following segment about the creation of the euro was first published in the Amphora Report. You can read the full article here.] Although my…

The euro is a source of European conflict, not a solution to it

There were plenty of warnings. It was clear that the euro was inherently flawed. And we also knew how the problems would manifest themselves too.…

Chapter 1 of How the Euro Dies

This ain’t no bedtime story. It’s a morbid tale. Of how the euro came to be. And how it will die. The only good news…