To cut a long story short, the banks are charging people hundreds of thousands of euros more than they should be. Shawn Pogatchnik has the scoop: “Banks are hitting many mortgage holders with double the interest rate they need to be profitable, the Central Bank has warned in a stinging rebuke to lenders’ claims of […]
Watching the British Labour Party general election campaign has been, on the whole, a depressing affair. The Party has taken a momentous decision, on Brexit, to enter a General Election with a promise to have no fixed policy at all, and to make up its mind later. It decided at its annual conference six weeks […]
The Bundesbank says Germany is headed to recession. Not good news, especially with the possibility of a hard Brexit on the horizon: The German economy could slip into a technical recession in the third quarter after failing to recover over the summer, the Bundesbank said on Monday. In a monthly report, the Bundesbank said falling […]