Tom Luongo: Even the European Union Are a Bunch of Karens — Barnier Complains about Brexit Negotiations
"... everyone may ... get ... those funny ideas the Brits had in 2016."
"... everyone may ... get ... those funny ideas the Brits had in 2016."
"Thanks to Merkel holding the line on debt mutualization and EU fiscal integration ... CDU is now polling at levels it hasn’t enjoyed since before the last general election in 2017."
"COVID-19 has cratered the global economy exposing the internal rot within our hyper-financialized global economy as nothing more than a pyramid of Ponzi schemes…"
"The French lockdown ... is an economic bombshell. French debt, before Covid-19, was running at over 100% GDP..."
"Old enmities and prejudices have not been stamped out under the boot heel of oppressive legislation coming from a bunch of disconnected technocrats in Brussels. They have only been suppressed."
"German Chancellor Angela Merkel has warned that up to 70% of the country’s population – some 58 million people – could contract the coronavirus."
Nordstream 2 is "a logical development stemming from the facts that Russia wants to provide gas and Germany wants to buy it, which led to a mutually acceptable agreement and commitment of many billions of dollars, largely by the firms Uniper and Wintershall of Germany, Royal Dutch Shell, Austria’s OMV and Engie of France in association with Russia’s Gazprom — an impressive example of European pragmatism."
"At the end of the day, neither Russia nor the U.S. would be sad to see him leave the political stage. And Erdogan’s latest forays have him critically over-extended after years of craftily manipulating events to his advantage."
"A No Sh*t Sherlock award is winging its way to Goldman for spotting the market is underestimating the economic effects of the Coronavirus and something of a speculative bubble in stocks has developed."
"The center has completely collapsed in Germany..."
"Poor economic conditions in the eastern states is driving conservative Germans to AfD."