With less than 50 days to go to the general elections, which perhaps may be more decisive than on other occasions, and the Catalan Parliament voting on the start of the secession from Spain, neither economic nor political confidence is faltering.
Athens may need no further than €10 billion to recapitalise its main financial institutions. These are the funds in the Hellenic Financial Stability Fund to cover the sector’s requirements. Looks like in Brussels there is a broader consensus that the figures revealed by the ECB are “encouraging”.
Yang Gang via Caixin | China also has second-most household wealth after the United States, according to an annual report by researchers at Credit Suisse Group, a leading global financial services company.
Lehman Brothers’ collapse became a milestone representing the official start of the ongoing long economic crisis. Subprime mortgages had failed years before, then afterwards the crisis fuelled different situations such as the European bail-ins. Today marks seven years after the event. The risk from “too big to fail entities” remains.