Poverty on the Rise in France

Laurent Mauduit reviews the latest INSEE study of the French income structure (as of 2010; data for 2011 are still being processed). Poverty (with threshold set at either 60% or 50% of the median income) increased sharply over the Sarkozy years:

The Draghi Effect

Man moves markets:

Mario Draghi promised unlimited purchases of short-term debt of distressed sovereigns, but his maneuver seems to have brought long-term rates down dramatically as well. So far the markets think he means business. And some lucky folks just made a ton of money on Spanish bonds.