Extortion Over Minimum Wage In Germany: BMW, Daimler, VW Threaten to Offshore Production

ExtortionOverMinimumWageInGermany: BMW, Daimler, VWThreatentoOffshoreProduction http://feedly.com/k/1bVml6b Germany has neither a minimum wage nor a government. Someday it might. If not, there will be new elections, and Chancellor Merkel might get pummeled because she’d be blamed for them. So she’s trying to form a coalition with the left-leaning SPD on whose list of campaign promises was a decent minimum wage. shared via http://feedly.com Seguir leyendo Extortion Over Minimum Wage In Germany: BMW, Daimler, VW Threaten to Offshore Production

Bresser-Pereira calls for the end of the euro

Bresser-Pereiracallsfortheendofthe euro http://feedly.com/k/1bVlEd6 In his recent column on the European crisis Bresser suggests that in the absence of depreciation the Southern countries would be better off by abandoning the euro. If the Southern countries had their own currencies, the adjustment would be simple: it would be enough to depreciate their currencies in relation to the German currency. Since they have a common currency, the solution … Seguir leyendo Bresser-Pereira calls for the end of the euro

Bundesbank says Italian and Spanish banks still hooked on home state debt

BundesbanksaysItalianandSpanishbanksstillhookedonhomestatedebt http://feedly.com/k/1f8WqwX The Bundesbank always like to spoil the party. Tucked away on page 33 if its November monthly report is a reminder that the banking systems and sovereign states of southern Europe remain stuck in a vicious circle: Italian banks have increased their holdings of Italian public debt from €240bn to €415bn since November 2011 (+ […] shared via http://feedly.com Seguir leyendo Bundesbank says Italian and Spanish banks still hooked on home state debt

Acuerdo comercial transatlántico: Las empresas podrían imponer su ley

Acuerdo comercial transatlántico: Las empresas podrían imponer su ley http://feedly.com/k/1edHCdr NRC Handelsblad, Amsterdam – Las negociaciones sobre un tratado de libre comercio entre europeos y estadounidenses dependen en parte del procedimiento de arbitraje. Este mecanismo de resolución de los conflictos entre Estados y empresas a menudo beneficia a estas últimas. En Bruselas, las críticas se multiplican. Ver más. shared via http://feedly.com Seguir leyendo Acuerdo comercial transatlántico: Las empresas podrían imponer su ley

France Tax Revenues €5.5 Billion Lower than Expected; Poll Shows 92% Do Not Believe Hollande’s Tax Promises

FranceTaxRevenues €5.5 BillionLowerthanExpected; PollShows 92% Do NotBelieveHollande’sTaxPromises http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/t_w_ijDEkyc/france–tax–revenues-55-billion–lower.html In spite of massive hikes in taxes on the wealthy and an increase in the VAT and other taxes revenue estimates missed their targets badly. Reader Lionel writes … Hi Mish, As you were expecting, France did not manage to get as much tax revenue as expected by the government. Total revenues were €5.5 billion less than … Seguir leyendo France Tax Revenues €5.5 Billion Lower than Expected; Poll Shows 92% Do Not Believe Hollande’s Tax Promises

Euro area international trade in goods surplus 13.1 bn euro

Continúa el ajuste deflacionario en la zona euro. Quien piense que el Euro va a bajar en estas condiciones está muy equivocado. Euro areainternationaltradeingoodssurplus 13.1 bn euro http://feedly.com/k/1d9Xlxc The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in September 2013 gave a 13.1 billion euro surplus, compared with +8.6 bn in September 2012. The August 2013 … Seguir leyendo Euro area international trade in goods surplus 13.1 bn euro

Slovenia Staggers On

SloveniaStaggersOn http://feedly.com/k/1edGGWn A ‘BoughtDeal‘ RefinancingfortheGovernment In late October, the IMFwarnedthatSloveniamustrecapitalize its insolvent banks ‘immediately’. The governor of the country’s central bank countered that the result of ‘stress tests’ had to be awaited first (due in late November). In the meantime, the current government (a diverse and somewhat unruly coalition) led by Alenka Bratusek has survived a confidence vote in parliament and has managed something of … Seguir leyendo Slovenia Staggers On

Bitcoin Rises Over $500

BitcoinRisesOver $500 http://feedly.com/k/181y2LK One day before the Senate’s digital currency hearing titled "BeyondSilkRoad: PotentialRisks, Threats, andPromisesof Virtual Currencies", Bitcoin is largely oblivious to any potential regulatory threats, either at the legislative or the city level, where as reportedpreviouslythe New York superintendent is in a rush to enforce BitLicenses on businesses that accept BitCoin, and moments ago crossed $500 for the first time ever. Instead, it … Seguir leyendo Bitcoin Rises Over $500