Bad Cumpany

If, like me, you have been wondering for decades what the European Parliament is there for, wonder no more. Following a recent vote, the august institution is considering  setting up an investigations unit to tackle two humongous European fraud schemes  named improbably  'cum-cum' and 'cum-ex'. The first warning that something was afoot came in 1992,…

It’s peace and democracy, stupid

We accountants do not care much for the front section of the newspaper. If  a story cannot be reduced to prime numbers, it is not for  us. After a cursory glance at the headlines we skip to Section B to be hypnotized by the latest business and finance news followed by yesterday's football, baseball and cricket…

The Euro – a mental exercise

Zbig does not understand what the fuss over austerity in Europe is all about. He fails to comprehend the fall of the Dutch government, the elevation of a socialist to the presidency of France, the  inconclusive election in Greece, bailouts and quantitative easing.  All he can say, with his utterly limited command of at least 10 European languages, is that…