Brexit: the Most Likely Future Scenario

The laws of systemantics apply to highly complex systems and situations. As you read these laws think of the EU and of the recently celebrated Brexit.   Le Chatelier’s Principle: Complex systems tend to oppose their own proper function. As systems grow in complexity, they tend to oppose their stated function. A complex system cannot be…

Greece. Brutum Fulmen?

The GDP of Greece accounts for a very small percentage of that of the Eurozone. And yet, the magnitude of the reaction that the Greek crisis is inducing in the markets and in the media is certainly out of proportion. The amount of market capitalization that has been lost in the past few days exceeds…

Is Europe Heading For Long-Term Stagnation?

Recent news (August, 2014) speaks of slowing economy in Germany and of France, where economy has come to a virtual standstill. Our complexity and resilience analysis of the Eurozone and its member states shows, moreover, that the  Eurozone, seen as a system, is not out of the crisis yet. In actual fact, complexity, which measures…

Europe’s Banking Union: A Fragile Super Monster?

The scope of the European Banking Union is (see here): “In response to the financial crisis that emerged in 2008, the European Commission pursued a number of initiatives to create a safer and sounder financial sector for the single market. These initiatives, which include stronger prudential requirements for banks, improved depositor protection and rules for…