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Following decisions expected with some concern, Standard&Poor’s and Moody’s rating agencies have reaffirmed Romania’s rating. The concern was coming from the fact that a lower rating would have downgraded us to the non-investment grade category (junk). Such a label would…
Read moreThe gas market crisis in Romania, despite the existing reserves in the Black Sea, makes us wonder if the situation was avoidable and how quickly it will be resolved. In order to shed light on these issues, I invited this…
Read moreMuch has already been said and much ink has been spilled about the rushed and poorly planned American pullout from Afghanistan. And rightly so. There is a large consensus that the withdrawal could have been gradual, better organized and more…
Read moreOne theory tried to explain the 2008 financial crisis by referring back to the end of the cold war. The new geopolitical development meant lower defense spending and, consequently, fewer contracts between the defence industry and the US government. As…
Read more(R*) Much is being written about the impact that the pandemic is set to have on globalization and about international capital relocation. It refers to a return to regionalization, to the detriment of globalization, a process whereby people who put…
Read moreWe are increasingly convinced that we have left the pandemic behind. What was worse is now behind us and returning to normal life is just a matter of time. We are so convinced, that willingness to vaccinate is going down…
Read moreEurope was taken aback by a recent letter signed by 1,000 French military, including some 20 generals, retired or on active duty. Another one followed, this time anonymous. Though for some the warnings of a possible civil war in France…
Read moreA few weeks ago I was asking a rhetorical question: What interests inflate the price of Bitcoin ?, in a post that followed another one entitled Is Tesla’s investment in Bitcoin a smokescreen? Both noted that high-profile businessmen and businesses and more…
Read moreMy guest this week is Cristian Popa, the well-known and highly esteemed deputy governor of the National Bank of Romania between 1998 and 2014. RC: Cristi, thank you for the kindness of accepting my invitation. In your opinion, are cryptocurrencies…
Read moreThis post will fuel conspiracy theorising. But I cannot help noting an effort, apparently concerted, to drive the price of Bitcoin up and prevent its spectacular falls as it happened on more than one occasion in the past. Since investor…
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