Expectations and the EU
Apologies for being a downer on a Friday, but the upcoming EU summitS (yes, there will now be two) are unlikely to produce a bazooka-style solution.Sure, you already know this,...
Eurozone wars, or vigilante vs vigilante
Bond vigilantes — per James Carville — are intimidating things.And no more so than in Europe. Rising bond yields in the region have managed to force austerity onto places like Greece,...
Euro splurge!
Have you heard about this new euro daaaahling? Is great. Lets buy thingz with it!Yes, that’s our best euro-trash impression.And we bring it up because the first chart above —...
Piggy banks
This is timely given the relief rally in the European banking sector.It’s some back-of-the-envelope calculations from Citigroup on the potential magnitude of underinvestment...
European bank admirers anonymous
Let the stress test analyses commence…Aside from the their acceptance of “mitigation” measures taken by the tested banks, one of the big criticisms European...
Those European bank stress test results…
They’re here!Eight banks failed — five Spanish, two Greek, one Austrian — by posting capital ratios below 5 per cent. But sixteen almost failed, posting ratios...
Inter-bank, minus the bank
That the European Central Bank has stepped in to replace much of the eurosystem liquidity that used to be provided by the banks’ themselves is well-known. Did you know,...
Inter-bank, minus the bank
That the European Central Bank has stepped in to replace much of the eurosystem liquidity that used to be provided by the banks’ themselves is well-known. Did you know,...
Stress testing bailouts, not banks
It’s a little over a week until we get the results of Europe’s second round of stress tests.Here on FT Alphaville we’ve often wondered what’s the point,...
