EBA guidelines for fair mortgage lending come too late
MADRID | By JP Marín Arrese | Banks should enforce the sooner the better these EBA guidelines if only to avoid transforming their credit portfolio into real estate heavily undervalued.
Markets
European banks and the bailout tag
MADRID | By Francisco López | In spite of the frequent denials coming from Madrid, though, using that cash–officially it isn’t called a banking rescue but “financial assistance in favourable conditions”–would be a clever thing to do.
Bundesbank’s criticism of ECB’s bond-buying scheme
MADRID | By Luis Martí | What is worrying is the Bundesbank attitude of permanent and frank opposition to the initiatives of the ECB to overcome the crisis, being against any flexibility and realism that the economy is needing.
Are we heading for a new Spanish banking rescue?
MADRID | By JP Marín Arrese | A extension of the Spanish banking rescue can backfire hitting credit institutions and inflicting damage on the economy as a whole.
The Constitutional Court of Germany set to judge the Eurozone
LONDON | By Victor Jimenez | Governments in Berlin must speak up their minds, instead of using the national judiciary system and some probable legal ambiguities to delay the urgent steps of more integration.
Brussels rolls Tobin tax back
MADRID | By Quesada Vargas | Brussels would have taken the Tobin tax a few steps back under pressure coming from the largest financial entities and global investors.
Mario Draghi, the Exterminator
MADRID | By Luis Arroyo | Why is the ECB not announcing further interventions, helping investor confidence to recover, offering strangled banks liquidity until they start providing credit again?
“Germany still refuses to investigate its smaller banks”
MADRID | By Julia Pastor | Luis Benguerel at Interbrokers: “Everybody knows the weaknesses of the German banks, which still hold some 2007 US subprime credit.”
Brussels fiscal advices miss the target
MADRID | By JP Marín Arrese | So long Germany maintains a staunchly depressed environment, Brussels fiscal advices with no plan to boost employment and growth will soon run out of steam.
The Fed to cool Bernanke’s QE down
MADRID | By Carlos Díaz Guell | Federal funds’ main interest rates, currently at 0% and 0.25%, are likely to remain untouched. Why? The Fed explained it wouldn’t increase them unless unemployment rate falls.