Monthly Archives: July 2013
“Mission impossible ” reads the headline of a three page Handelsblatt overview (Thursday, 18 July 2013 pages 1, 6, 7 ) of the problems the European Central Bank (ECB) is…
By Klaus C Engelen A new study of Finpolconsult Bank Creditor Participation Eurozone Finpol 6_13 shows how much taxpayer rescue billions have been wasted in bank restructurings in the eurozone…
In its power grab to become the resolution authority for deciding to close banks in the Eurozone the European Commission (EC) is setting itself on a collision course with Germany.…
In the leaked press release in which Internal Market and Services Commissioner, Michel Barnier, summarized the Commission proposal of a Single Resolution Mechanism for the Banking Union, there is a…
The ruling conservative and liberal coalition parties under chancellor Angela Merkel and the opposition Social Democrats (SPD) and Green Party are ganging up on the campaign trail by following the…
Here the second example how politicians are not telling the voters why Germany´s banking union bill is getting ever higher.. Because euro area zombie banks are for some time systematically…
As Portugal´s Vitor Constancio, Vice President of the European Central Bank (ECB) ,and Luxembourg´s Yves Mersch, ECB Executive Board Member, are busy on the speech trail to present their heroic…
By Klaus C Engelen After she got blackmailed at the June 2012 EU summit into open the door to direct bank restructuring through the European Stability Mechanism (ESM) and to…
