Will Greece misuse ELA as Cyprus did for Laiki? On 8 Feb, 2015 By Dr. Klaus Engelen With 0 Comments Since the ECB governing council shocked markets with a statement that it would no longer accept Greek government-backed assets as collateral. The focus has been shifting to Greece´s use of…
More Snowden revelations on spying out the Eurozone? On 4 May, 2014 By Dr. Klaus Engelen With 0 Comments Last year, when I was preparing another analysis on the eurozone´s Herculean task of implementing European banking union, also my friends at the Washington-based “The International Economy” were shocked by the spy scandal…
Why the call “Oliver Wyman go home” gets louder On 4 May, 2014 By Dr. Klaus Engelen With 0 Comments How in the world could the European Central Bank (ECB) - who is becoming more powerful by the day as the eurozone lead-bank supervisor - has given away a big part of its…
Draghi´s German Nightmare On 6 Apr, 2014 By Dr. Klaus Engelen With 0 Comments Berlin – Just in time for the May European elections euro area leaders reached a compromise on the Single Resolution Mechanism (SRM) and the Single Resolution Fund (SRF), the second…
Draghi dreams about monetary policy always within the (ECB) mandate. Whether he dreams in Italian or German, he can´t say. On 28 Jan, 2014 By Dr. Klaus Engelen With 0 Comments When Draghi was asked at an exclusive session of the World Economic Forum (WEF) by Philip Hildebrand, the former governor of the Swiss Central Bank and since October 2012 the Vice Chairman…
How Cyprus damaged the ECB´s reputation On 4 Jul, 2013 By Dr. Klaus Engelen With 0 Comments 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…
