Bailed-out and bankingly challenged Cyprus is a “unique case,” the entire European policy establishment tells us. One under-reported way in which Cyprus is unique is that chatter about eventually leaving the euro isn’t limited to the fringes. It’s part of...
Read more »Is Cyprus Euro-Exit Talk More Than Talk?
ECB’s Emergency Cash Becomes Last Bulwark Against Chaos
The euro area has just come as close as it ever has to learning that what the European Central Bank gives, it can also take away. Before euro-area ministers agreed a last-ditch bailout in the small hours of Monday morning,...
Read more »Europe’s Creeping Comeback
Even as dark clouds form over Europe’s economy again, there may be a silver lining emerging from three-years of crisis. From Ireland to Spain, the austerity demanded by policy makers in exchange for aid amid three years of debt woes...
Read more »Banker-Bonus Rules Stoke Tempers in Berlin
Draft rules to scale back banker bonuses were enough to prompt a public spat yesterday between Deutsche Bank co-Chief Executive Officer Juergen Fitschen and German Finance Minister Wolfgang Schaeuble as the two men sat side-by-side on a panel discussing finance...
Read more »The Revolution Begins in . . . Malta
The revolution begins in Valletta — that’s the European center-left’s rallying cry after a longtime conservative bastion, Malta, fell to the Labour Party over the weekend. Never mind that with growth last year of 1 percent and a jobless rate...
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