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IMF Urges European Banks to Raise Capital – WSJ.com
European banks face about €300 billion about $409 billion in potential losses from the euro-zone debt crisis, the International Monetary Fund said Wednesday as it urged banks to raise capital to...
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Draft Proposes Fast, Flexible Bailout Fund – WSJ.com
According to the draft guidelines, the EFSF would replace the European Central Bank in its role of intervening in sovereign-debt markets, but the EFSF’s scope for action would be more limited. The...
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20 Banks That Will Get Crushed If The PIIGS Go Bust
Now it looks like Commerzbank could be the next bank to fall in the crisis, which we found to have exposure to the PIIGS second only to Dexia of non-peripheral European banks in this exposure stress...
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The scourge of government debt – macrobusiness.com.au
A report on a talk by Yanis Varoufakis, author of The Global Minotaur, gives some nice history of how we got here. The Minotaur is a marvelous metaphor for what governments have allowed to occur in the...
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The euro zone’s terrible mistake | Felix Salmon
The FT is reporting today that the new fiscal rules for the EU “include a commitment not to force private sector bondholders to take losses on any future eurozone bail-outs”……The immediate result of...
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