BANKS

varoufakis dem TC

Varoufakis and his friendly fire

ATHENS | Macropolis | The last thing Alexis Tsipras needed right now is his talkative former Finance Minister Yanis Varoufakis to reveal that he had been working on establishing a parallel payment system in the government’s first months in power.

Greek banks

For Greek banks, it’s business as unusual

ATHENS | July 23, 2015 | By Jens Bastian via MacroPolisNow that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks – although domestic and external capital controls – continue, it is appropriate to take stock of the situation and inquire where do we go from here. 


Greek banks

Greek banks open today

MADRID | July 20, 2015 | By JP Marín ArreseEmergency loans to ensure Greece pays back its sovereign commitments in the coming weeks might fail to save it from the dire financial collapse it faces. 


calles-atenas

Is the Greek Bailout Too Severe?

John Bruton | If Greeks themselves do not trust their own government and banks with their money, it is difficult to expect the taxpayers of other countries to do so. Yet that is what critics of the third Greek bailout seem to expect.



Icelandic krone

What Icelandic business practices can (possibly) tell us about China

LONDON | July 13, 2015 | By Sigrún Davídsdóttir | Many controlling shareholders in China have pledged shares as collateral for bank loans – this was a common practice in Iceland up to the October 2008 banking collapse. Now this practice seems to be causing share trading suspensions in China.


investors greece

UBP on Greek crisis: “There may be positive and negative surprises”

July 10, 2015 | By Patrice Gautry (UBP) | With the Greeks returning a “No” vote in Sunday’s referendum, the country has moved one step closer towards leaving the eurozone, or “Grexit”.  However, Grexit is not automatic and many scenarios may develop, depending on the ECB’s attitude and political developments during the upcoming negotiations



Greek debt restructuring

Greek debt restructuring: the mother of all battles

BRUSSELS | July 7, 2015 | By Alexandre MatoWhen euro leaders and their finance ministers meet with the Greek government later today for a fresh round of negotiations to agree on a new economic assistance programme, the debt issue will still be the mother of all battles. Over the last few days, some economists in Brussels have gathered together ideas for putting Hellenic public finances in order.

 


No Picture

Greece fails to know what it voted for

MADRID | July 6, 2015 | By J.P. Marin-Arrese | As people gathered last  night in Syntagma, hailing the crushing victory in the referendum, few seemed aware of its tremendous consequences. Today, as banks remain closed and no cash is available, they will get a nasty taste of what remains at stake for them.