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Single currency, common currency or counterfeit currency


There is a pretty Eastern proverb which runs: “Follow the liar to the gate of his house.” This sensible recommendation is very useful both in private life and in public life. For instance, proposals from France’s far-right National Front (FN),…

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What is the purpose of the ECB?

Finance, Positive Economy

Main pivot, insuring alone the survival of the euro, without any assistance from the EU’s executive bodies, the European Central Bank (ECB) is today obliged to do exactly the opposite of what is set out by the Treaties: lending to States in order to finance their debts…

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Burying old capitalism

Finance, Positive Economy

The current discussions, around the world, and in particular in France, on how the fate of companies is sealed, illustrates the view that old capitalism, the one in which those who hold capital grant or deny the breath of life to companies, is outdated…

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A world suffering withdrawal symptoms


The situation on global financial markets may be changing, with very significant consequences for all the different societies, once again giving evidence of the extraordinary interdependence of economies and nations of the world. And further proof that the current crisis is far from over…

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Finance and democracy


Two seemingly distant events, come before us once more, and they tell us a lot about our times and our future: the sudden closure of state broadcaster ERT, a move that reportedly affects about 2,700 jobs and the battle to include or exclude the film and audiovisual industry in the major EU-US trade talks which will soon begin…

1648 0

Virtual currencies, real worlds


One of the most unexpected and interesting effects of the Cyprus crisis has been to shed light on the emerging role, which they will increasingly play, of virtual currencies, in the staggering degree of change in modern finance, for better or for worse.

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Coming out on top


Each country, clearly, looks at the world from the top of its bell-tower. And the landscape of France, at the moment, seen from this perspective, is not particularly exciting…