Tag Archives: Italy

Italy: too big to fail, too big to save

The phrase “too big to fail, too big to save” in this case comes from an essay in Der Spiegel by Henrik Enderlein which says that the time to act is now, but also says that all the options available for action will fail. I take it he’s saying that Italy must take ownership for its debt, but Germans must also stand in solidarity or the speculators on the demise of the euro will have a field day.

The article by Der Spiegel staff Italy’s New Government Is Bad News for the Euro is pessimistic. Continue reading Italy: too big to fail, too big to save

Saturday salon 2/6

1. CSL and Cochlear say ‘show us the money’

Or at least show a bit of interest.

Here they have to chase government, whereas other countries, such as Singapore and Ireland:

    “actively come out and court companies like ours” with a unified package of incentives and benefits, he said. These could include a lower headline tax rate, and other financial concessions or benefits in exchange for specified investment, jobs and revenue outcomes from biotech and technology.

Continue reading Saturday salon 2/6

Saturday salon 3/12: late edition

1. Kazakhstan beats us in maths and science

Kazakhstan has beaten us in maths and science taught in schools – again. We should be aware that Kazakhstan was the home of the Soviet space program, as well as the apple, and has a futuristic capital designed by a Japanese architect:

kazakhstan_8079494-3x2-700x467_600 Continue reading Saturday salon 3/12: late edition

Saturday salon 26/11

1. Australia trails only Switzerland in wealth table (pay-walled)

    AUSTRALIA’S lofty status as the world’s second richest nation remains intact, new figures reveal, despite household wealth stalling this year.

    In the seventh annual Global Wealth Report from Swiss bank Credit Suisse, the “lucky country” posted an average wealth of $US375,600 ($508,900) for every Australian, second only to banking hotbed Switzerland, with an average net worth of $US562,000.

Continue reading Saturday salon 26/11