Europe By The Hour

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Europe Had It Coming?

Europe had it coming says Australia’s coalition PM according to the Sydney Morning Herald. Very probably. When I lived there for a short while I was always impressed as to how Australia had not let the availability of easy credit grow rampant. Huge deposits were required to obtain a mortgage and shoppers were encouraged to…

Netherlands Considering Pay-Per-K Motoring

The Netherlands government are getting serious about abolishing road tax and a current 25% sales tax on cars and replacing them with a per kilometer fee in an effort to cut car congestion and carbon dioxide emissions. If the law is passed then it would come into effect in 2012 for Netherlands drivers and implemented…

Markets Marked Down

It’s been interesting to watch the whole Fannie Mae and Freddie Mac business in America become perhaps an example of losing trust in ‘the market’ and the belief that ‘the market’ will always be able to self manage. As a republican government who would traditionally espouse small government exercising few regulatory controls and a free…