2012-10-24 By Harald Malmgren The mid-October Euro Summit illuminated widening divisions between the leadership in France and Germany. It is the German leadership which is most opposed to a single bank supervisor and a comprehensive “banking union” for the EU. In German politics, a EU banking union is little more than…
2012-09-30 By Harald Malmgren Deep divisions between Germany and its fellow Eurozone member governments have kept the ECB relatively paralyzed for the last couple of years. The Long Term Refinancing Operations (LTRO) did provide 3-year liquidity relief to Eurozone banks. The LTRO enabled Eurozone banks to purchase new issue sovereign…
2012-09-11 By Harald Malmgren and Robbin Laird The Euro crisis is defining the end of a period of history. The period since 1991 has been defined by the expansion of Europe, the consolidation of NATO, and America as the hinge that held much of the strategic map together. At the…
By D.K. Matai Spain is emerging as the center of the battlefield for the survival of the Eurozone as the probability for further fragmentation and exits increases dramatically. The flight of capital from Spain is now bigger than what Indonesia, one of the hardest hit countries during the Asian financial…
2012-09-02 by Robbin Laird and Harald Malmgren The Euro-Crisis European sovereign debt crisis is not simply a bump in historical progress; it is the end of a period of history and a critical point in European and global transition in the 21st century. The confluence of several trend lines: — the…
2012-08-13 By Harald Malmgren and Robbin Laird The Euro crisis is not simply a financial dynamic. It is the end of a period of history. The confluence of several trend lines: the unification of Germany, the end of the Soviet Union, the collapse of the Berlin Wall, the expansion of…
We have just published the second Strategic Inflection Report. This report focuses upon the Euro crisis and its strategic consequences. The Euro crisis is not simply a financial dynamic. It is the end of a period of history. The confluence of several trend lines: the unification of Germany, the end…
By Dr. Harald Malmgren Following Standard 7 Poor’s downgrades of a swathe of Euro member governments including France, Moody’s has also joined in the process of downgrading several of the members, with a warning to France. [caption id="attachment_33613" align="alignleft" width="300" caption="There is a core problem of the impact of policy…
