looking beyond borders

foreign policy and global economy

Archive for the tag “Telegraph”

It’s Never Been This Good

Contrary to what environmentalists, anti-globalisation campaigners and other economic curmudgeons like to think, the world is not going to hell in a handbasket, writes Allister Heath

Read Here – The Telegraph, London

Why Germany Must Face Up To Its €1 Trillion Headache

One of the most mind-boggling debates going on in euroland right now – only one of many, but particularly guaranteed to make the head spin, this one – is over the build-up of so-called “Target 2” claims and liabilities. Target 2 is the mechanism by which money is transferred around the euro area to ensure that each national central bank has sufficient euros to fund its banking system.

Accumulated cross border claims are now so extreme that they threaten to leave German taxpayers with huge losses should the euro break up, or any one of its members leaves.

Read Here – The Telegraph

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