Italy

14th March 2018 Nickolai Hubble

A change of heart on Brexit

I’ve argued for years that Britain should draw out the Brexit process as long as possible. Every week, the EU weakens. Every week, warnings about Brexit fade. But this week has me wondering if I was wrong. There seems to…

7th March 2018 Nickolai Hubble

The trade war tantrum exposed

In 2016, the Obama administration imposed duties on Chinese steel of more than 500%. Yesterday the EU extended its anti-dumping duties on Chinese steel of between 48.3% and 71.9% depending on the company. Of the EU’s 53 steel anti-trade measures,…

6th March 2018 Nickolai Hubble

Escaping the currency snake

I had no idea how obviously bad the euro is. If you take a look at history, you realise the path to the common currency is littered with consistent failures. And after each warning, the Europeans pushed ahead with their…

20th February 2018 Nickolai Hubble

The crisis blame game ends in a tantrum

What if you’d treated your children exactly the same? No matter what crisis of confidence or overconfidence they faced, you encouraged them. No matter their academic abilities, you sent them all off to by nuclear physicists or sculptors. No matter…

16th February 2018 Nickolai Hubble

4 March and the end of the euro

So far, Europe’s election season isn’t a complete disaster. But that could all change on 4 March. Because the Italian election could be the only election that matters. Italy’s financial situation is in tatters. The banking system has a bad…

1st February 2018 Nickolai Hubble

Alan Greenspan predicts the euro’s demise

Italy’s Target2 liabilities hit a new record in August. Then again in September, and November. And again in December. Each time, it made the news. And each time most people who read the headline had no clue what it meant….