Archive for the 'credit crisis' Category


Obsession, by Calvin Klein?…no, Germany!

…still, an understandable obsession!

Source: Der Spiegel



The productivity topic in the Italian media is always focused on one indicator: hours worked. Still, the effort or the time do not tell much about the result…if it takes a lot of time to come to a decision on an investment or to drive home a project, this actually tells lots of negative things about productivity. Oder?




Markets talking double-dutch

Markets collapsed today in between François Hollande’s victory at the premier tour de la présidentielle and the Dutch PM’s resignation. The come-back of political risk…but, as Cècile Calla puts it on German TV, maybe the lack of charisma of François Hollande could mix well with the lack of charisma of Angela Merkel?…the mayonnaise-hollandaise could keep?

Photo: simplyrecipes


Return on investment

Preparations of London 2012 Olympics. Discussions on the Rome 2020 Olympics. This is what is left of Athens 2004 Olympics. And I am not adding a photo of Italia 90’s wasted projects, like Stazione Ostiense.

I remember thinking, when I saw the opening ceremony led by the very coiffé lady in charge of Olympics in Athens “Who will pay all these debts?”. Because Olympics infrastracture very rarely have a return on investment.

Who knows, maybe Turin had a good payoff from its Winter Olympics. Or Barcelona? These cities seem to have fuelled a positive touristic momentum for many years after the Olympics. But I still would be curious to see a study on the return on investment of Olympics. Beijing included…


The moment of truth

No matter if and when the Bund-BTP spread will narrow, there is another one which is even more meaningful:

8.9% – 5.5% = 3.4% this is the real spread. Unemployment.

Unemployment in Italy vs unemployment in Germany. Understated. Because who does not work in Germany gets access to Harz IV and for this reason is visible to the job market. Whereas in Italy there are many unemployed who, for lack of formal welfare, do not even show up in the stats.

This spread won’t go away just because a few hedge funds change their mind. It’s structural and it needs structural solutions. But we’ve been talking so much about this theme. It becomes boring, right?

Knowledge, training, investing in skills, languages…always the same mantra. Things that Italian companies don’t do. And that the Italian society does not reward. It rewards free riding. Something that you cannot export, actually.

But now, it’s the moment of truth: o mangi ‘sta minestra, o salti la finestra…


Photo: reblogged from E.Guerra


Poll position

A poll on the Economist asks “Will the Euro survive 2012 intact?”.

Since December 6th, 72,133 readers answered.

Source: The Economist


Berlin career

The cheeky video is nice…and I really hope that Berlin can boost its employment rate. For sure the quality of life for young people studying or starting their career is higher than all other European’s cities. But job opportunities are still scarce, as Berlin is probably the German city which exports less among other Länder. Still it imports a lot of travellers, art lovers, fashion professionals thanks to the fashion week and Bread and Butter, music producers, movie professionals…this is always a good start. Then, the “boring jobs” in finance, legal, accounting, will follow.

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