The central bank of Cyprus has been discretely bailing out cypriot banks through emergency liquidity assistance operations since september 2011, my analysis reveals. Read it here.
While complexity and opacity of finance is unfortunate, to some extent it appears that such complexity and opacity is necessary for the good functioning of the economic machine. Understanding finance’s opacity is thus necessary to reform our modern financial system.
A rumor is currently trending in France: Sarkozy would be the instigator of the launch by Eurex of a new market for derivative on French bonds. For some, the move is intended to stimulate market pressure on french debt and thus give credit to austerity speeches. However, these information are highly subject to misunderstandings and fake informations.
You can read my analysis on my english blog.
Legal limbo, conservativeness of monetary authorities, and lobbying from traditional actors: tomorrow’s finance startups struggle to emerge in France. Read my investigation on the topic here (in french).