In Europe





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Post-Collapse Iceland: Capital Controls, Government Action – and (Possible) Creditor Counteractions

LONDON | By Sigrún Davíðsdóttir | There is yet no clear plan in sight as to how to deal with the estates of the failed banks and, eventually, lifting the capital controls in Iceland. However, the fact that the government has declared it intends to use a given “wind-fall” from the estates indicates that there is a certain wish(ful thinking). The question is how this “wish” will materialise – and most of all, if the creditors will stage some counteraction, either as a group or single creditors, to seek to claim their foreign assets in foreign courts.




The ECB waits for Merkel

The ECB waits for Merkel

MADRID | By JP Marin Arrese | These days, the EU institutions remain on standby mode till Angela Merkel steps in. The ECB is no exception. It is switched on but not actually working. Europe is waiting for the new German government to set the new agenda’s content and rhythm.  Only then, substantive decisions could be taken.


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The twilight of Il Cavaliere

TURIN | By at La Stampa via Presseurop | Silvio Berlusconi, repudiated by some of his associates, who forced him to back the vote of confidence in the Enrico Letta government, and in the process of being ousted from the Senate – a committee is to decide on October 4 whether he should be stripped of his seat – Il Cavaliere is moving towards an inevitable exit from the political stage.


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Typo Adds 10bn to Spanish Public Debt

MADRID | The Corner Team | A typo can come very expensive. One tiny graphical error boosted Spain’s 2014 public debt forecast by 10 billion euros ($13.6 billion), the government admitted on Thursday. After announcing the figure to the world, they took four days to issue a correction.