Nick Corbishley

One Year In, The First Ever Large-Economy CBDC, Nigeria’s eNaira, Is a Gigantic Flop

The Central Bank of Nigeria is undeterred. To deepen its drive to “entrench a cashless economy” and boost take-up of the eNaira, it is launching a demonetization process not too dissimilar from India’s.More

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Is Venezuela’s US-Appointed “Interim” President Juan Guaidó On His Way Out?

Gauidó has long outlived his usefulness. Now, he and the “interim” government he fronts are an obstacle in the way of reopening Venezuela’s oil market to US oil majors.More

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Credit Suisse is One of 13 Too-Big-To-Fail Banks in Europe, But It Looks Like It Could Be Failing

Following a string of scandals, bad investments and woeful risk management, Switzerland’s second largest bank, Credit Suisse, is close to the edge.More

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Colombian President Says the Unspeakable Out Loud: “The US is Ruining Economies Around the World”

Until recently Washington’s closest ally/client state in South America, Colombia is now under new management. And that management has a different perception of US influence in Latin America and the wider world. More

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Italian Utility Giant Enel Needs a €16 Billion Lifeline, as its Derivatives Hedges Backfire

Enel is one of 70 energy companies in Italy that could end up needing a state-guaranteed credit line, as derivative hedges blow out. Which is likely to place even further pressure on the finances of Europe’s most indebted large economy. More

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EU Commission is Pushing EU Countries to Accept Joint Gas Purchases, Just As It Did With COVID-19 Vaccines

That those vaccine purchases are now under investigation by EU Public Prosecutors doesn’t seem to matter. The Commission wants a direct role in EU Member States’ purchases of gas and, if possible, weapons.More

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A Central Banker in Finland just told Finns to Stash Up on Cash, Just in Case of Disruption to Payments System

Finland, like its Scandinavian peers, is among the world’s most cashless economies. But according to the central banker, now is not a good time to give up on cash.More

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Protests Rage Across Europe, as Sanctions-Fuelled Inflation Surges and Economic Crisis Deepens

The long-anticipated “hot autumn” begins as the European economy teeters on the edge of a largely self-inflicted stagflationary depression.More

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IMF Just Flagged Another Multi-Trillion Dollar Threat to the Global Financial System: Open-End Funds

Open-end funds have grown significantly over the past two decades and now manage around $41 trillion in assets globally. And the risks they pose to the global economy are growing, says the IMF. More

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Pressure Rises on Von Der Leyen as Pfizer CEO Backs Out of Testifying to EU Parliament Covid Panel

“After von der Leyen’s silence, Bourla had the opportunity to set the record straight in the European Parliament, but he preferred to slip away. Why all these secrets? What do they have to hide from European citizens?” More

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