This (an international small claims procedure), if it works, is going to stir things up a bit. It’s very good news for me as I’ve been wanting to sue my neighbour for a long time for not paying the communal water bills but it would have cost more in Italian solicitor’s bills than we’d collectively gain (about 800 Euro).
And while we’re on boring topics, the abolition of the yuan-dollar peg is very significant and seems not to have been noticed around the world. The trade gap between China and the US (for e.g.) is I believe over 20 billion us$ a month. So if China is really floating the Yuan, this seems like something which will have an incredibly big effect on world economics and power balance. But maybe I just don’t understand economics…