After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.… Read More Emerging Market Hangover Begins For Spanish Bank BBVA
Ten years on, the crisis unleashed in Wall Street in 2008 is still with us… Read More What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis… Read More No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks
The European Union has accused British intelligence agencies of disrupting Brexit negotiations—creating a new public dispute that could poison further an already toxic situation… Read More Have British Spies Been Hacking the EU?
Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official says in a newspaper interview… Read More Italy Expects Financial Market Attack in August: Govt. Official
Turkish lira in free-fall, down 18% in two days… Read More ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks… Read More The Eurozone’s “Doom Loop” Re-Grips Italian Banks
Fear of Italy leaving the euro has driven Germany’s surplus with the European Central Bank to a record €956 billion. But economists say this surplus could vanish overnight if a real crisis hit… Read More When Is a Trillion Euro Not a Trillion Euro?
Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble. … Read More UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse
Target2 has become a giant credit card for eurozone members that import more than they export to other members. But there are two differences compared with a normal credit card: the interest rate is zero and the loan never needs to be repaid… Read More The Silent Bailout System That Could Rip the Eurozone Apart
When they take a serious view of British history that is not coloured by Shakespeare’s plays or Errol Flynn movies, Brexiteers have never shown much understanding of the roots of Britain’s successes… Read More What Boris Johnson Doesn’t Know About British History
At a time of mounting uncertainty in Europe, the country has defied critics who insisted on austerity as the answer to the Continent’s economic and financial crisis… Read More Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.