‘Safe Eurobonds’: a new trick to betray the south euro area countries

All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]

ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

The European Central Bank, in view of its new role as single supervisory authority of Eurozone’s banking system, a task that will officially commence in November 2014, is now testing the grounds of this real banking constellation, which comprises a round number of 6000 banks. The ECB will undertake with its own proper mechanism the […]