At your peril 

These are worrying times for Europe again.

French economist Thomas Pikketty speaking to a German newspaper reminds us all that Germany is where it is now thanks to its debt cancellation after the wars. A very interesting article.

“A restructuring of all debt, not just Greece‬ is inevitable”

A restructuring of Europe is inevitable, whether politicians, lobbies and people on the street can agree which way it needs to go is another matter. Thorny times indeed.