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...
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Banker-Bonus Rules Stoke Tempers in Berlin
Today in Euro Crisis History: Dept. of Diversions
February 18, 2011 JPMorgan Says It Was Tricked Into Keeping Lehman’s ‘Goat Poo’ Collateral Lehman Brothers Holdings Inc. tricked JPMorgan Chase & Co. into holding onto collateral that the bankrupt investment firm internally described as “goat poo,” according to a...
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Photograph by Alessia Pierdomenico/Bloomberg
Monte Paschi Provides Fodder for Berlusconi Attacks on Rivals
Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to European Central Bank President Mario Draghi, while providing fodder...
Read more »Today in Euro Crisis History: Not Wrong, Just Early Dept.
Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the roots, twists and turns of the current turmoil. October 2, 2008 France’s...
Read more »Today in Euro Crisis History: Too Cool
Europe’s debt crisis only seems like it’s gone on forever. This is a series that looks at headlines from this date in previous years that highlight the twists, turns and roots of the current turmoil. August 14, 2007 Trichet Urges...
Read more »Today in Euro Crisis History: The Prologue
Europe’s debt crisis only seems like it’s gone on forever. This is a series that looks at headlines from this date in previous years that highlight the twists, turns and roots of the current turmoil. August 1, 2007 BEAR STEARNS...
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Photograph by Hannelore Foerster/Bloomberg
The Bundesbank’s Bond-Purchasing Amnesia
“There haven’t been any changes in our positions on bond purchases,” the Bundesbank growled last week. In other words: the purists in Frankfurt oppose a European Central Bank intervention on behalf of Spain or Italy. The notoriously long-termist German central...
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Photograph by Angelos Tzortzinis/AFP/Getty Images
The Men in Black Are Back in Athens to Check the Books
The men in black are back in Athens. Greece is hosting members of the so-called Troika, representatives from the euro zone, the European Central Bank and the International Monetary Fund, who are there to assess how far the country may...
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Photograph by Giorgio Cosulich/Getty Images
Sicily Skirts Liquidity Crunch — Sits on Loss-Making Derivatives
Sicily, the poorest region of Italy, is facing a liquidity crunch. Raffaele Lombardo, the governor of the island whose own blog describes him as the best loved governor in Italy, says the problem will be solved by an already-planned transfer...
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Olympiacos Football Club is owned by Vangelis Marinakis
Greek Diaspora Tapped for Donations to Cancel Greek Debt
Greeks living abroad are being asked to contribute to a charity domiciled in Delaware that plans to buy up and forgive Greek government debt. Greek shipping heir Peter Nomikos aims to tap the Greek diaspora to help reduce the Greek...
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