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Great mod here,

I would like to know if you're planning to implement in some way the differences between the Scuola Braccesca and Scuola Sforzesca. Say, for example, as a trait that generals can...

Look, Germany is a currency manipulator. Even US treasury says it.
The only reason Germany exports as much as it does now is because of the Euro being severly undervalued (again, not me saying it,...

ECB measures were (and are) without alternative if you want the Eurozone to survive.

Personally, I think Germany is trying to cause a collapse right now because, although it would be a disaster...

Are you seriously denying that Crimea is now under control of the Russian Federation? Like it or not, it is part of it, and like it or not, international politics is anarchy, de facto situations are...

There's smell indeed. I wonder if they'll find a way to make the rest of the continent pay or not this time.

UP.

After reading the stress tests:

1) the choice of the threats was weird, no sign of negative rates and deflation
2) German banks are the worse off in the adverse scenarios for 2017-2018.
...

It's also clear that the reasons are political because te rules on deficits are applied ridiculously arbitrarily. Not that they would make sense in general...



However, I'm amazed by the fact...

The IMF admitted mistakes last years. This years they admitted that they deliberately caused the depression in Greece and the crisis in the other countries they went in for political reasons. They...

Stress tests on italian banks coming out today.

Meanwhile, Generali (Europe's third insurance group and Italy's first) wants to sink money in Atlante 2, the fund that our government prepared to...

Banking union... it's politically impossible to complete it as Germany opposes it.

I'm sure, however, that DB will be nationalised. That is, if there's no big crush, in which case, DB's...

I agree, negative interest rates are a huge problem.
If nothing changes I foresee negative interest rates on deposits and/or a tax on wealth on bank accounts.

Low interest rates are destroying...

I think that there are two parallel trends in the banking sector now:

1) technology, especially internet banking, made branches and lot of employees unnecessary.

2) world economic outlook is...

In that case though there is a trial going on if I'm not mistaken and it looks like bondholders are going to win it. I might be confused with the similar case that happened in the Netherlands though....

1) What you said doesn't make any sense economically speaking with all due respect. You don't know how national accounting works. Imports are not paid "with income from the financial markets",...

I think we have to recap a bit what's happening to put things in perspective:
1) UK is in political chaos, but that doesn't really matter as the stock market is going very well (thanks pound...

Yes, it happened to Italy in 2011, when the whole spread thing started and people started to say that the country was close to default. Then one watches the EU commission reports from the same period...

I hope you realize that that act of stripping the triple A has no economic reasons and it's just a political act to influence the brits.

It makes economically no sense to say that the UK has a...

Nope, is the share of GDP made by Financial services. :)


Edit:"It Is Not The EU Philosophy That The Crowd Can Decide Its Fate"This sentence was pronounced by the president of the European...

It is, but the net exposure is unkown. I mean, banks usually "hedge", they bet on both results of an operation through inversely correlated titles. Of course you can't have 0 risk as you would have 0...

What counts is the net position though. We have no idea about that. But I agree with you that it would be hardly manageable.

@caratacus

We're finally at the end of the Euro crisis. And, like in 1992, the odds now are that the end will come from UK and Italy quitting the system. European Monetary system crisis again, but...

Guys, it seems that all the banks had their derivative positions on bremain... it means that there is a serious risk that one big bank in europe might go down (DB, Commerzbank are the two most...

We'll see I guess. Though I fear you're right and nothing will happen... which means the inevitable collapse of the EU will be not collaborative and will probably make us all lose also the common...

The fact is:

1) Inside the EU you didn't have the possibility of freely determine your fiscal policy (for various reasons), outside you theorethically can, but with the tories in charge hardly...

https://2.bp.blogspot.com/-3WJpRbBN7fQ/V2QxhodRyjI/AAAAAAAAFNw/gP1O_LxMwF8s2Ex9teZZA7qAyIhlEME7QCLcB/s1600/BR_02.JPG

Considering the UK has a strong educational system and plenty of engineers and...

That's very interesting Dante.
I still hope you come out of this mess orderly, but at this stage it looks too chaotic. The thing is, the damage is done now, the EU can't accept you in again because...

Interesting, although it's a slightly different situation.
The thing is: how can you say that the national interest is different from what came out of the referendum? (I'm not saying you're wrong,...

Ok.
I'm also skeptic about all the negative economic consequences. But that's only my opinion as economist...

You mean N. Ireland?

It would crumble because it would be a precedent. If the parliament can ignore this, it can ignore anything else. I'm not a jurist though, but I studied enough constitutional...

Isn't there the problem that the whole constitutional law of the UK is based on non binding rules and acts, and that it means that every act is binding? Wouldn't ignore the referendum make everything...

Of course, but some people take those surveys as gold, while we just came out of a week of completely wrong surveys that amplified the crash of friday by creating false expectations.

Also, those...

This. 1000 times this.
I'm amazed by the fact that people have no ability to distinguish between surveys and actual data. And more amazed by the fact people forgot that ballots are secret.

It...

I stand corrected than :) but still, it's a cultural trap.

Well quoted Pielstick! Also, 75% of 43% (the percentage of young people that supposedly voted to stay compared to the percentage of young people that voted) is not the majority by any mean. It...

Ludicus, you're a clever guy, don't fall in the "other Europe" trap. It's politically impossible and, most importantly, it's a cultural trap of the left. The right has luckily surpassed it because...

It's not the intent. A vote is too important and surrounded by too many interests to allow much discretionality. Rules are strictly applied. Starting from the kind of pencil you can use and the fact...

Hello,

Having personally spoken with Lord Skidelsky about this a month ago, I would like to know, just out of curiosity, how many share his somewhat old-imperial britain view on Bremain:...

Yes, but Italy has its interests in Tripolitania and will probably never agree on an intervention only in Cyrenaica (we have not enough forces to do both).

That's the reason I think the...

I tend to agree. If an invasion occurs (and I think that if the new government manages to get into Tripoli it eventually will), it will be less than 10'000 men, maybe half of it, just to protect oil...

Ok, thank you. It was weird not to find other reports on that, this explains. :thumbsup2