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Tuesday, April 22

22nd Apr - Waiting for PMIs



Previously on MoreLiver’s:

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EUROPE
The Banks and Austerity: a simple story of the last ten years – Mainly Macro
Rather than seeing the financial crisis and austerity as two essentially separate stories, the needs and influence of the banks connect the two.

Euro-Zone Fiscal Colonialism – Philippe Legrain / NYT
The primary cause of the crisis was the reckless lending of German and French banks

Scandinavia Is Looking Scary – WSJ
The trio of countries that form Scandinavia–Denmark, Norway and Sweden–have for years been the heartland of some of the world’s highest standards of living. But it seems the pristine facade has been built on rather wobbly foundations.

How in the world did central banks miss this? – Open Europe
Details of the EU’s Bank Recovery and Resolution Directive (the bank bail-in plans) which could prohibit governments from protecting central banks against losses when they  provide emergency lending to banks in a crisis.

  EUROPEAN CENTRAL BANK
A New ECB Outlook? Part I – PIIE
A New ECB Outlook: Part II – PIIE

Euro area deflation monitor – Danske Bank

  UKRAINE / RUSSIA
Russia, U.S. Trade Blame as Ukraine Accord Nears Collapse – BB

Kennan’s Revenge – Project Syndicate
Robert Skidelsky: American diplomat George Kennan traced the Cold War partly to neurotic insecurity and Oriental secretiveness on the Russian side, and legalism and moralism on the Western side. If Cold War II erupts in Ukraine, it will be because the middle ground of cool calculation of interests, possibilities, and risks remains elusive to this day.

ASIA
How China's Commodity-Financing Bubble Becomes Globally Contagious – ZH

FINNISH
Barroson ex-neuvonantaja ripittää komissiota – ”EU revitty velkojiin ja velallisiin” – PS
Barroson ex-neuvonantaja: kriisinhoitoa kansalaisten kustannuksella – Juhani Huopainen / US

Japanin elvytyksestä yhä apua – Roger Wessman

Lainantajien usko ratkaisee velkakestävyyden – Roger Wessman

Pakkoruotsin kumotut perustelut – Sampo Terho

He tiesivät mitä tekivät – Henri Myllyniemi / US
Hekin tiesivät mitä tekivät – Henri Myllyniemi / US

Stubb pani virkamiehet vaalityöhön – matkalaskut valtion piikkiinä – PS

Demokratia -> eurokratia -> byrokratia – Toimi Kankaanniemi / US

Työttömyyden hoito on keskeisin talouspoliittinen tavoite – Antti Koskela / US

Ketkä Suomesta EU-parlamenttiin? – Jyrki Virolainen