Germany's top court suspends ratification of EU recovery fund

Judges at the constitutional court say the legislation can only be approved once they have heard all the legal challenges against the debt-pooling €750 billion rescue fund, part of a wider EU package agreed last year.

Deutsche Welle 26 mars 2021


https://www.dw.com/en/germanys-top-court-suspends-ratification-of-eu-recovery-fund/a-57018350


https://englundmacro.blogspot.com/2021/03/they-accuse-european-central-bank-of.html

http://www.nejtillemu.com/vonstauffenberg.htm




Kommentarer

Skicka en kommentar

Populära inlägg i den här bloggen

Niall Ferguson: The AI Boom Is a House of Cards, Tyler Cowen: Not so fast

AI is driving markets and GDP growth—but the underlying financing resembles the 19th-century railroad industry, which had its own share of crashes. Financial history can help us here. If you’re unsure if there’s an AI bubble, refer to the historian Charles Kindleberger’s five-stage model: Displacement: Some change in economic circumstances creates new and profitable opportunities for certain companies. Euphoria or overtrading: A feedback process sets in whereby rising expected profits lead to rapid growth in share prices. Mania or bubble: The prospect of easy capital gains attracts first-time investors and swindlers eager to defraud them. Distress: The insiders discern that expected profits cannot possibly justify the now-exorbitant price of the shares and begin to take profits by selling. Revulsion or discredit: As share prices fall, the outsiders stampede for the exits, causing the bubble to burst altogether. We are currently at stage 3. Niall Ferguson The Free Press 17 November 2025...
Läs mer

Cognitive blind spots

Bild
Cognitive blind spots are undermining our ability to see the world as it is, rather than as we would like it to be. At the start of the 21st century, western elites generally assumed that globalisation, democracy and the free market were self-evidently good, and would keep spreading, creating peace. N o longer.  FIS, Swiss Federal Intelligence Service, has published a manual about cognitive blind spots. 18 different cognitive biases that hamper our thinking, such as “group think” (adhering to the cosy assumptions of our tribe), “anchoring” (relying exclusively on whatever information we see first, say on social media),  “confirmation bias” (only seeing data that reinforces pre-existing views),  “mirror imaging” (assuming others think like us),  “absence of evidence” bias (failing to think about the data we lack)  and “survivorship bias” (judging data only with success stories, not failures). Gillian Tett Financial Times 2 January 2026 https://www.ft.com/content/...
Läs mer

2 juli. “How long can this bull market last?” Stefan de Vylder. Nord Stream pipelines. Balansen mellan tillgång och efterfrågan är central.

Bild
USA-börserna väntas inleda torsdagen med uppgångar. Jobbrapporten för juli visade på färre nya jobb  DI 2 juli 2026   https://www.di.se/live/klart-farre-nya-jobb-an-vantat-i-usa-Wpvy7/ Återigen sålde investerare av teknikaktier. Investerare oroas över teknikaktiers utsikter efter de stora uppgångarna tidigare i år, med tvivel kring om AI-investeringarna kommer att löna sig.  Oron driver kraftiga svängningar när handlare växelvis minskar riskerna och köper i dippar, skriver Bloomberg. https://www.di.se/live/blandat-pa-wall-street-teknikaktier-foll/ Börsen stänger upp – Saab rusade Nato planerar att ersätta sin flotta av Awacs-plan med Global Eye-övervakningsplan från Saab.  https://www.di.se/live/borsen-stanger-upp-saab-rusade/ Hur länge kan festen fortsätta? ”Ett bra tag till”, svarar Handelsbanken Global Digitals förvaltare Niklas Lundin samtidigt som han pekar ut en tydlig säljsignal.  I det stora hela ser han de senaste dagarnas nedgångar i sektorn som e...
Läs mer