Grexit, Greece’s exit from the euro area, is back in the news – for the wrong reasons. During this past week, the country’s creditors, the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund, finally agreed amongst themselves to set even tougher conditions in order to continue refinancing the […]Why is Grexit again in the news? Who is to pay for Eurozone’s banking problems?
February 13, 2017 by Leave a Comment
Grexit, Greece’s exit from the euro area, is back in the news – for the wrong reasons. During this past week, the country’s creditors, the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund, finally agreed amongst themselves to set even tougher conditions in order to continue refinancing the […]Merkel refuses to consider the North-South schism of Eurozone
August 29, 2016 by Leave a Comment
The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancellor Angela Merkel, the French President Francois Hollande and the Italian Prime Minister Matteo Renzi met in Naples to relaunch Europe, after the Brexit. […]Eurozone: How can 200 banks find €400 billion?
January 14, 2013 by Leave a Comment
The Organisation for Economic Cooperation and Development (OECD) considers that Eurozone banks need to strengthen their capital accounts by at least €400 billion in order to reach a viable capital to assets coverage ratio of 5%. The good news from OECD however is that its economist estimate that the single money EU zone seems to have […]A new European banking space is born this year
January 3, 2013 by Leave a Comment
The year 2013 can be termed as the European banking year, after the last EU Summit of heads of governments and states decided on 13 December to create a unified bank supervision and auditing space, under the European Central Bank in 24 out of the 27 countries, at the exemption of Britain, Sweden and the […]
