ECB Makes Crucial Policy Change on Bank Bailouts
The Wall Street Journal is reporting that the ECB has changed its position on the need to protect all senior […]
Central Banks, Euro Crisis
Banking, Euro Crisis
Should Taxpayers Bail Out Span’s Bank Bondholders?
With the release of a draft Memorandum of Understanding for Spain, it appears that the EU may be preparing to
Banking, Euro Crisis
Euro Crisis: Holidays First, Solutions Later
Last night’s Euro group meeting failed to resolve any of the uncertainty about the ultimate liability for ESM bank recaps
Banking, Euro Crisis
Euro Crisis: Two Steps Forward, Three Steps Back
After some reasons to be optimistic that Europe’s leaders were ready to finally grasp the bank debt\sovereign debt nettle, the
Central Banks, Irish Economy
New Briefing Paper: Ireland and the ECB
I have written a new briefing paper for the European Parliament’s Economic and Monetary Affairs committee. The paper discusses the
Central Banks, Euro Crisis
Memo to Draghi: Dead Central Banks Don’t Have Credibility
Mario Draghi today effectively ruled out the idea of ESM getting a banking license. I think this was a very
Central Banks, Irish Economy
Time For ECB to Cut Ireland Some Slack?
In this article on Forbes.com, I discuss the possibility of a deal with the ECB on Ireland’s promissory notes in
Euro Crisis
Eurosummit: Much Ado About Something?
I’ve agreed to write some posts on European issues for Forbes.com. They have a far higher readership than I get
Banking, Euro Crisis
Presentation on Ireland’s Bank Debt
Today, I’m giving a presentation titled “Ireland’s Bank Debt and What Can be Done About It” at the IIEA’s conference
Central Banks, Euro Crisis
Presentation: Target2 and the Euro Crisis
Yesterday, I gave a presentation on “Target2 and the Euro Crisis” at the Bank of England’s Centre for Central Banking