Fewer Guns, Less Crime? Not in Europe

As an addendum to last week’s article on the prominence of civilian-owned guns versus homicide rates, it may be interesting to look at the diversity in gun prominence across European countries.

Contrary to the broad generalizations and over-simplifications spread by US gun-control advocates about European gun control, there is actually quite a diverse range in gun prominence and gun control laws across Europe.

The Eurozone Banks’ Trillion-Euro Time Bomb

Eurozone banks have fallen dramatically in the stock market despite the results of the stress tests carried out by the ECB, and the EU Banks Index is down 25% on the year despite year-long bullish recommendations from almost every broker. This should not surprise anyone because we have seen in the past that these tests are only a theoretical exercise. Moreover, stress tests’ results are widely challenged, and rightly so, because the exercise starts with the most ridiculous premise in economics: Ceteris Paribus, or “all else remaining equal”, which never happens.

What’s Next for Brazil’s “New Right”?

For the first time in more than two decades, Brazil has a right-wing politician as the head of state. But Bolsonaro’s victory signifies more than just a devastating defeat of the Worker’s Party (PT) — the victorious party in the last four presidential elections. It represents the arrival to power of the Brazilian “new right” (labeled by some as “far-right”), which they themselves describe as: “liberal” on the economy and socially conservative.