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The ECB accuses the politicians of inaction, continues injecting billions to banks

July 13, 2017 by Dennis Kefalakos Leave a Comment

Last Saturday 8 July the Belgian newspaper De Standaard published an interview with Peter Praet, Member of the Executive Board and chief economist of the European Central Bank. Praet said it plainly “We do say that we still need a long period of accommodative policy before we are ready”. What he means by ‘being ready’ […]

Filed Under: Economy, Eurozone, Policy, Politics Tagged With: Angela Merkel, bankers, banks, Berlin, central banks, Deutsche Bank, ECB, ECB chief economist, euro, euro area, Europe, European Central Bank, Eurozone, Fed, finacial crisis, France, German Chancellor, Germany, Mario Draghi, monetary policy, non performing loans, NPL, NPLs, Peter Praet, politicians, President of ECB, QE, quantitative easing

Italian banks: It’s Rome’s turn to confront Berlin’s aggressiveness

January 5, 2017 by Dennis Kefalakos Leave a Comment

Italy, after Greece, is now the next target of the archetypical Teutonic aggressiveness, aimed this time at making the life difficult for Paolo Gentiloni the new Prime Minister. The problems Rome has with the country’s banking system are being exaggerated and used by Berlin to either pave the road leading outside the euro area or […]

Filed Under: Economy, Eurozone, Policy, politcs Tagged With: Angela Merkel, Banka Etruria, Banka Marche, Berlin, Brexit, Cari Chieti, Cari Ferrara, Clemens Fuest, Danièle Nouy, Deutsche Bundesbank, European Central Bank, German ministry of Finance, Germany, Grexit, Ifo, Italexit, Italian banks, Italian minister for Finance, Italian Prime Minister, Monte dei Paschi, non performing loans, NPL, Paolo Gentiloni, Pier Carlo Padoan, Sabine Lautenschläger, Single Supervisory Mechanism, SSM, Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, Wolfgang Schäuble

What if Trump wins the November election and Renzi loses the December referendum?

September 29, 2016 by Dennis Kefalakos Leave a Comment

After the Brexit, it became apparent that a large or probably the largest part of citizens/voters in the western world are questioning, if not strongly protesting against globalization, having felt its onerous consequences. The free movement of people, goods and capital is not any more a perceptibly good thing for the average man in the […]

Filed Under: EUGlobe, Policy, Politics, USA Tagged With: Americans, Angela Merkel, bad loans, Barack Obama, capitalisation, Donald Trump, EU Brussels, European banks, France, Francois Hollande, Germany, government debt, Italexit, Italy, Matteo Renzi, New York, non performing loans, North-South, protectionist, referendum, Transatlantic Trade and Investment Partnership, Transpacific Partnership and Trade Agreement, TTIP, US, Washington, xenophobic

Conflicting statistics and bad banks haunt the Eurozone

May 19, 2016 by Dennis Kefalakos Leave a Comment

Last week, Eurostat, the EU statistical service, released its flash estimate of the GDP of the first quarter of 2016, finding it, in both the Eurozone and the EU28, to be 0.5% bigger in comparison to the previous period. In the fourth quarter of 2015, GDP had also grown by 0.3% and 0.4% respectively. Does […]

Filed Under: Economy, Eurozone, Policy Tagged With: banks, Britain, Brussels, ECB, Employment, euro area, European Central Bank, Eurozone, Finance, financial sector, GDP, Greece, Greek banks, growth, Industrial production, industry, London's City, non performing loans, NPL, Peter Praet, services, systemic banks, tourism, tourist sector, unemployment