Leaked: EU Plans to Freeze Deposits to Prevent Bank Runs
As the age-old adage goes, desperate times call for desperate measures… Read More Leaked: EU Plans to Freeze Deposits to Prevent Bank Runs
Category: The Euro Debacle
The ECB Morphs into the Mother of All “Bad Banks”
More than just a few “fallen angels”… Read More The ECB Morphs into the Mother of All “Bad Banks”
Did the City of London Just Press the Panic Button on Brexit?
Oh the irony: EU capitals are trying to attract the very institutions that caused some of the worst financial scandals of the last ten years… Read More Did the City of London Just Press the Panic Button on Brexit?
Autopsy of Banco Popular Shows Fragility of EU Banking System
What would a disorderly bank collapse in Spain and Italy have done?… Read More Autopsy of Banco Popular Shows Fragility of EU Banking System
Yanis Varoufakis Blows the Lid on Europe’s Hidden Agenda
The former finance minister of Greece talks about his new book Adults In The Room – My battle with Europe’s Deep Establishment. He also discusses the nuclear option he came close to using to dynamite the ECB’s Quantitative Easing program… Read More Yanis Varoufakis Blows the Lid on Europe’s Hidden Agenda
German Politicians Hammer the ECB, But Only to Get Votes
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.… Read More German Politicians Hammer the ECB, But Only to Get Votes
Fear of Contagion Feeds the Italian Banking Crisis
At first, deny, deny, deny. Then taxpayers get to bail out bondholders… Read More Fear of Contagion Feeds the Italian Banking Crisis
In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt
Less than a decade after various complex, synthetic, squared, cubed and so on securitized debt structures nearly brought down the financial system, here come “Sovereign Bond-Backed Securities.”… Read More In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt
Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale
“This sales process is atypical, as the seller itself cannot at this point make a rough calculation of what the value of the entity is, and if they can’t, neither can we.”… Read More Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale
Europe’s Faustian Bargain with Big Finance
“The countries in the Eurozone face the choice of either moving towards full fiscal and political union,… or they end the monetary union. My sense is there is no middle way”… Read More Europe’s Faustian Bargain with Big Finance
ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to National Currency
The only other option: “Orderly restructuring.”… Read More ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to National Currency
In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
Nerves are fraying in the corridors of power of the Eurozone’s third largest economy… Read More In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
