Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
I wonder where the "no bondholder bail-ins before 2013" comes from. Is it that 2008-13 is a five-year period that they think a priori will allow banks to make their balance sheets whole to the point where they can take a default without blowing up?

That is the only thing that makes sense of the provision. And it is confirmed by the howls from Germany over StressTest 2.0. And, per Basel II definitions many of the Landsbanks will have to be capitalized, not re-capitalized. Has their capitalization to date consisted of "the full faith and credit" of their state governments?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 11th, 2011 at 11:28:06 AM EST
[ Parent ]
Silent Capital

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 11th, 2011 at 12:02:18 PM EST
[ Parent ]
per Basel III definitions

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 11th, 2011 at 12:03:44 PM EST
[ Parent ]

Display:

Top Diaries

Brexit: Get on with it already?

by Bernard - Jun 26
37 comments

Spain votes again

by Migeru - Jun 26
61 comments

Defeat from the Jaws of Victory

by rifek - Jun 27
29 comments

Reversing Brexit?

by Frank Schnittger - Jun 25
91 comments

Should I vote for Brexit?

by tyronen - Jun 22
38 comments

Recent Diaries

Occasional Series