How quickly things change. Only a few days ago, a fuel tax in France was blamed for widespread rioting. Today, Emmanuel Macron’s government under siege threatens to break its fiscal budget. Having given up on gasoline and diesel, the French government now promises wage increases and tax cuts. Italy has found competition in the race to violate EU fiscal guidelines. Around the rest of Europe, the question is being asked....
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On 9 February 2017, the Deutsche Bundesbank issued an update on its extremely long-drawn-out gold repatriation program, an update in which it claimed to have transferred 111 tonnes of gold from the Federal Reserve Bank of New York to Germany during 2016, while also transferring an additional 105 tonnes of gold from the Banque de France in Paris to Germany during the same time-period. Following these assumed gold bar...
Read More »Depending on who’s talking, the climate change agreement reached at the 2015 Paris Climate Conference in mid-December is either a watershed moment in environmental history or just another toothless framework. It’s certainly true that the political will of current and future national governments will play a large role in how much greenhouse gas emissions fall in the next two decades – and how much the global temperature rises as a result. Still, Credit Suisse says the deal’s very existence...
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