Policy entrepreneur
While the eurogroup welcomed Spain’s demand for a European aid to recapitalize its banking system, and guaranteed a commitment up to 100 bn euros, another solution could be put in place for recapitalizing the spanish banking system : the bail-in.
» Read moreWhile everyone is talking about Grexit, and all eyes are looking at Spain, more and more Irish people find it hard to repay their mortgages, which is a very bad sign of the inexistence of any sustainable recover of the irish economy.
» Read moreIs there a bank run on the Spanish banks? According to El Mundo, Bankia’s customers did withdraw 1bn euros on a single day last week (the information was then denied by spanish officials). True or not, these allegations are a good opportunity to have a look on the long-term evolution of the deposits in Spain.
» Read moreShould we fear the possibility of Greece to exit the eurozone? This is the opinion of many commentators, journalists and economists. But their arguments are often made of fallacious analysis based on poor knowledge of the situation.
» Read moreAs the crisis deepens, europeans banks are increasingly relying on central banks. What does it mean for the real economy?
» Read moreWith the crisis, greek banks have been suffering from huge deposit flight. Official figures show that at least 80 billion euros have been moved abroad since 2009. What consequences for the greek economy? And how to address the problem?
» Read moreOne year ago, the 15M movement started in Spain, followed by a rise of protesters from Athens, NYC, London, Brussels, Frankfort and many other places all over the World. As a tribute to this wind of change, republish here a paper I wrote last year on my french blog, when the indignados movement emerged in Spain. This post went viral
» Read moreFollowing my earlier post that intend to show that Greece could be well better outside of the eurozone, let’s have a look of the aftermaths of such a scenario for the eurozone. Here is what I found from official figures and some calculations…
» Read moreIn my last post on Boiling Frogs, I detail three measures the central bank of Greece could take if the country were to exit the eurozone. These measure are intended to manage the expected collapse of the banking system and strengthen the local economy, thus giving much chances to Greece’s economy to recover. Read them here.
» Read more
Th FT Alphaville mentions my analysis of the balance sheet of the central bank of Cyprus.
» Read more