The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Budget committee says automatic capital rule of the ESM both unacceptable and unconstitutional; wants to subject each capital increase to a vote in the Bundestag (which would probably impair the AAA-rating of the ESM; statement comes after German Court of Auditors handed out a ruling saying that Merkel understated the amounted of capital Germany is likely to provide, as it underestimates the possibility that other guarantors might not pay up; S&P says ESM is not going to impair the creditworthiness of its guarantors; Portuguese banks reduce ECB borrowings; polls suggest a close outcome of Finnish elections; AIB considers debt forgiveness for Irish mortgage holders; Troika frustrated about Greek authorities' failures on taxes and customs; 30 NGOs create a "Finance Watch" lobby group to counter the lobbying strength of the financial sector; the Netherlands threatens to block Iceland's bid to join the EU; Wolfgang Münchau argues that the lack of bond purchasing powers of the EFSF/ESM makes any voluntary debt restructuring options impossible; Lorenzo Bini-Smaghi, meanwhile, argues that it is fair for Irish taxpayers to shoulder the burden, as they created a financial centre based on lax financial regulation and low corporate taxes.
by Migeru - Aug 24 12 comments
by Melanchthon - Aug 23 19 comments
by Frank Schnittger - Aug 18 62 comments
by Frank Schnittger - Aug 6 117 comments
by gmoke - Jul 29 8 comments
by ARGeezer - Aug 5 4 comments
by Frank Schnittger - Aug 3 19 comments
by ARGeezer - Jul 29 17 comments
by Migeru - Aug 2412 comments
by Melanchthon - Aug 2319 comments
by Frank Schnittger - Aug 1862 comments
by Frank Schnittger - Aug 6117 comments
by gmoke - Aug 5
by ARGeezer - Aug 54 comments
by Frank Schnittger - Aug 319 comments
by Democrats Ramshield - Jul 303 comments
by gmoke - Jul 298 comments
by ARGeezer - Jul 2917 comments
by Frank Schnittger - Jul 2869 comments
by gmoke - Jul 282 comments