Da weekend

1. One hundred forty characters should suffice to comment on EU.

2. EU says ‘We are at a permanent loss‘. (FT)

3. The sorry tale of Europe’s east (FP)

4. India, talks herself up. When China is dominating news from the East it’s tough for caste-conscious biz people.

5. The sorry state of Europe. (Spiegel)

6. Must-read Quincy Jones interview

7. Euro Area banks are among the most zombified by their capital inadequacy and excessive leverage. (Buiter)

8. Michael Jackson (Economist) R.I.P.

That’s OK

Hey baby do what you want

I’ll be your night lovin’ thing

I’ll be the freak you can taunt

And I don’t care what you say

I want to go too far

I’ll be your everything

If you make me a star

Getty Images

EU parliament, “that place is one big fucking NGO.”

Those were the words of one Brussels diplomat.

Things you could do on June 7 instead of voting for a fucked up place:

• screw the whole day
• tend to your marijuana garden
• hike in the mountains
• screw again
• read a good porno
• listen to house music
• sleep in

Getting ugly: Chrysler-Fiat-Opel-EU

Read this in Italian and enjoy. Are the Germans already deploying panzer?

EU: erste Regierung stürzt.

Latvias Regierung stürzt

His departure comes at a critical juncture for Latvia, a country of 2.2 million people. After entering the European Union in 2004, Latvia and its neighbors Estonia and Lithuania posted Europe’s highest growth figures, earning the moniker the Baltic Tigers. Now Latvia shows the Continent’s biggest losses.

Gross domestic product shrank at an annual rate of 10.5 percent last month, and by the end of 2009, Latvia’s economy is projected to shrink by a shocking 12 percent, Finance Ministry officials say. Other analysts believe that even these figures may be optimistic.

“I wouldn’t be surprised if it’s 15 percent,” Peteris Strautins, chief economist for Swedbankin Riga, said last week.

Die Freuden des Euro

Er war konzipiert als die vereinende Währung für so disparate Länder wie, F, D, GR, PT, u.s.w. Disparat nicht abwertend, sondern eben weil diese Länder so verschieden sind und weswegen man sie ja auch bereist.

Recht bald  stellte sich das europäische Kastensystem klar heraus, da gab es Core Europe und nicht so Core, wie z.B. die PIGS oder aktuell besser PIIGS. Und diese lernen nun sehr schnell die Vorzüge und Fallstricke einer POLITISCH MOTIVIERTEN Währung kennen. Für Randeuropäer ist es teuer geworden, Anleihen zu begeben.

Ein Ex-Politiker aus GR: “I don’t think Europe is up to it,” he said. “It expanded too rapidly without fixing its institutions.”

EU welcomes 28th member

In the auspicious year 2009 the European Union welcomes its newest and most distinguished member. Cheers!

 

 

 

 

 

 

 

 

 

 

Meanwhile celebrations got a little out of hand in Lithuania which is somewhat close to Borat country.

(Thanks to RGE Monitor)