Special: German Elections 2013 (updated)
EUROPE
Brussels blog round up 7 – 13 September – Europp
/ LSE
Solberg wins in
Norway, Barroso’s state of the Union speech, and should Catalonia have an
independence referendum?
Europe needs a new vision – TradingFloor
Text of Lars Seier
Christensen's opening speech today at Saxo's #TradingDebates event in London.
How Will Europe’s Crisis End? And When? – Place
du Luxembourg
EU Finance Ministers had their first ECOFIN
level discussion on Single Resolution Mechanism in Vilnius – EU2013
Norway: Is world’s largest sovereign wealth
fund too big? – BBC
Most of Europe is
struggling with how to reduce spending, but not Norway. It has invested the
income from its oil and gas reserves so wisely that it now has what many
consider to be the world's largest sovereign wealth fund, estimated to be worth
$1tr (£0.6tr) by 2020. But is that too big?
EU auditors must tone down criticism of
Brussels spending, says Herman Van Rompuy – The
Telegraph
Europe’s official
auditors must tone down their criticism of Brussels spending to avoid negative
press coverage and to promote the European Union, Herman Van Rompuy has said.
Mother of all sudden stops – voxeu.org
Olivier Accominotti,
Barry Eichengreen: From 2001 to 2008, half of Europe received capital inflows
from the other half and beyond. In 2009, that stopped, capital accounts
switched signs and a crisis occurred. This column draws parallels from a
similar episode in Europe just before the Great Depression. It highlights that
in both episodes global factors – largely exogenous to conditions in the
borrowing countries – shaped the capital flows and reversals.
Charlemagne: A post-war continent – The
Economist
ECB
Jörg Asmussen Interview with Börsen-Zeitung – ECB
ECB vs European Commission Over Deficit
Reduction – WSJ
PIIGS
Catalonia’s separatism: Nothing to lose but
their chains – The
Economist
Bailout Nr. 5? Euro Zone Eyes Slovenia's
Troubled Banks – Spiegel
The euro crisis has
been on the back burner lately, but the problems facing banks in Slovenia are
coming to a head. Billions of euros in bad loans make the country a candidate
for the next bailout.
Men in Black Return to Spain; ECB Complains of
Too Much Leeway; Alarm Bells Ring More Tax Hikes Coming – Mish’s
UNITED STATES
Fed Taper? Debt Ceiling? No Worries, Says
Goldman Sachs – WSJ
The Federal Reserve: How to taper safely – The
Economist
Is the Larry Summers nomination falling apart? – Wonkblog
/ WP
The question for the
president will be this: Is he ready for a fight? And how much political capital
is he willing to expend, and how many arms will he twist, to get Summers into
the big job at the Federal Reserve? Because if he goes through with the
nomination, it looks after this week like it will be the toughest confirmation
battle for a Fed chair on record.
Viewpoints Sep 2013: What’s Happening to Bonds
and Why? – PIMCO