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Greece, a long and very expensive adjustment

This simple graph from the Wall Street Journal is just a measure of the constraints that have been imposed to Greece since the beginning of their adjustment. The US depression is just small potatoes compared to Greece.

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Disruption in European consumer finance: Lessons from Sweden

Consumer finance is a standout performer in the European financial services sector. Average annual shareholder returns for listed institutions between 2012 and 2017 were about 11.5 percent, compared with retail banking’s 9.1 percent and corporate banking’s 7.4 percent.

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Fall in inflation points to prudent BoE policy

The slowing down in February inflation is certainly a relief for domestic consumer purses, while signaling a Bank of England policy that will be guided by prudence, as inflation pressures are easing.

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