Monday, May 10, 2010

Yen Rises Amid Lingering Europe Debt Concern; Euro Erases Gains - Bloomberg.com

http://www.bloomberg.com/apps/news?pid=20601087&sid=al1b4DcSa864

The European leaders, none of whom ever even successfully managed a grocery store, now save the conceptually failed Euro with $1 trillion. They treat the symptoms and blame "attacks"!
No one, neither Soros nor China nor anyone else detains the power to go against the markets. If it were the case, any rogue nation or organization could manipulate and destabilize the system every day. And if it were the case, the contrary would be true too: the $1 trillion would do the job. Wait for the days to come!
It's the failed policies that let the markets react.

Thursday, April 22, 2010

IMF Recommends Luxembourg Adapt Post-Crisis Policies

Some kind and timely words from the IMF, at a moment when the Luxembourg social-democratic model is under strain. Nothing anyone in Luxembourg wouldn't know. But it is so good to hear from abroad, what those people were told by Luxembourg authorities. The same authorities take great pain not to upset the applecart by telling their own constituents the same candid message. It's a syndrome called tripartite. Let the IMF do it then. Here it is.

IMF Recommends Luxembourg Adapt Post-Crisis Policies

Wednesday, April 21, 2010

Luxembourg Unveils Ambitious Tax Plans

An interesting summary of what is going on in Luxembourg, confronted with the need to get its public finances in order. Not a tax haven for everyone?
Luxembourg Unveils Ambitious Tax Plans

Sunday, April 18, 2010

Luxembourg: “Fuel Tourism” Increases CO2 Emissions Nonsense

http://www.allvoices.com/contributed-news/5634129-luxembourg-fuel-tourism-increases-co2-emissions

This stupidity of an OECD "expert study" is going to hang around for a couple of weeks. Please explain why a car is polluting more if it is filled up on the other side of the border. Gurria, when you are right, I'm with you. Not on this one. You are losing your credibility when you put out and promote this garbage. You have an axe to grind, it seems to me.
Even disregarding the fact that the manmade global warming has its own credibility issues.

Sunday, April 11, 2010