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.
Greek bank stocks fell 4.6%, and CDS reach new record on rumours of a forced haircut to be imposed this weekend; Greek finance ministry requested a prosecutor to investigate possible criminal conduct, as traders sent an email containing the rumours of an early restructuring; a member of Merkel's council of economic advisers said Greek debt needs to be restructured; a majority of economists polled by Reuters agree, but say no action needed for another year; in Germany, parliamentary opposition to the ratification of the ESM is widening; Merkel is coming under pressure to give the Bundestag full co-decision rights; vote on EFSF and ESM has been postponed until the autumn; True Finns leader Timo Soini insists that Spanish banks should participate in a Portuguese bail-out, as a precondition for his acceptance of an EFSF package; there was some good news from Spain as it managed to auction of two long-term bonds;the Swiss government aims to impose Draconian capital requirements on Swiss banks, including a 19% capital buffer, with 10pc in core tier-1 capital; two Germany federal states, meanwhile, have agreed to recapitalise the Helaba Landesbank, which would otherwise have failed the stress test.
by ManfromMiddletown - Oct 20 44 comments
by gmoke - Oct 7 3 comments
by ARGeezer - Oct 7 60 comments
by DoDo - Oct 3 10 comments
by Frank Schnittger - Sep 29 19 comments
by Crazy Horse - Sep 29 25 comments
by ManfromMiddletown - Oct 2044 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments
by Crazy Horse - Sep 2925 comments
by Frank Schnittger - Sep 2919 comments
by Frank Schnittger - Sep 274 comments
by Cyrille - Sep 24136 comments
by afew - Sep 2240 comments