2011: The Year in Review (Q4)

October: Jobs dead at 56. The man who fired Steve remembers the boy from Cupertino. MEF wants to resume talks about decent work. Wealthy French see wish come true: pay more taxes.

November: Papandreou wants Greeks to vote on rescue plan. China not in a hurry to bail out Europe. Mauritius ranks 77th in human development index. Smokin' Joe Gone at 67. Financial Secretary saying reforms have worked. State in a hurry to spoil school holidays.

December: Bill which recognises only one category of citizens passed by MPs who accepted to be thrown in 4 arbitrary groups of Mauritians. Bheenick delivers significant speech. Classy Football legend Socrates dead at 57. Get a Million-rupee-a-year job without an interview. Kozelidir Person of the Year 2011 attributed to Steve Jobs for making an insanely beautiful dent in the Universe and then ordering a Spaceship.

Read the review for Q1, Q2, Q3.

China Not In A Hurry To Bailout Europe

Listen to this very interesting interview of Jin Liqun, Chairman of the China Investment Corporation. Where he is essentially saying that Europe is not sustainable as it is.

EU Withholds Cash Greece Needs To Avoid Default

That's the news hitting every screen in the last 24 hours. Europe wants Greece to do some belt-tightening before it pushes the money already on the table towards Athens. Translation: sell public assets.

I don't know if you noticed the PM mentioning in his MIIF speech that lame duck parastatals will be phased out. Hmm, so are we back with the same kind of crap that tagged the DWC as lame duck while putting an infinite amount of money in a hubris-infected company?

Why doesn't he phase out the lame bean-counter first? Things will improve for everybody.

German Bankers Say ECB's Independence Compromised

By buying bonds issued by Greece even after the latter was bailed out by the EU. They suspect Trichet has given in to a request by President Sarkozy and that may be benefiting French banks which have tons of them on their books.

Read the interesting article from Spiegel Online to also find out about the risks involved in managing market yields in this particular case.