Deutsche Bank Research

Using the EFSF/ESM for banks: good idea, unlikely to come soon

Using the EFSF/ESM for banks: good idea, unlikely to come soon

Direct ESM assistance to banks would only be politically acceptable if EU member states were prepared to transfer authority for banking supervision to the EU level.

 Luis Martín

La rotonda de los locos

La rotonda de los locos

Hay que romper el bucle demencial de la Unión Monetaria Europea.

 Ricardo Arriaga

What’s Europe Playing This Week? (cartoon)

What’s Europe Playing This Week? (cartoon)

Another take on how the current European Union’s crisis is being played out…

 Yanis Varoufakis

Europe’s Reverse Alchemy in Full Throttle

Europe’s Reverse Alchemy in Full Throttle

The anxiety to see Greece and Italy return to the Brussels’ Agreement fold is a sign of the calamity to befall the global economy.

 Peter Tchir

You Can’t Spell Tooth Faeries Without EFSF

You Can’t Spell Tooth Faeries Without EFSF

The EFSF reminds me of the tooth fairy – there are those who believe because they are told it will work, and those who try to figure out how it will work, and come out on the non-believer side.

 Peter Tchir

Deberes de Matemáticas de 3º de Primaria

Deberes de Matemáticas de 3º de Primaria

El problema de la zona euro es simplemente de un orden de magnitudes demasiado grande como para proporcionar una ayuda real.

 Thomas Mayer

Euroland’s Hidden Balance-of-payments Crisis

Euroland’s Hidden Balance-of-payments Crisis

Below the surface of the euro area’s public debt and banking crisis lies a balance-of-payments crisis caused by the misalignment of internal real exchange rates. The path of least resistance seems to be an appreciation in creditor countries through the inflation of goods, services and asset prices. But will the electorates in the creditor countries accept a policy of easy money and exchange rate depreciation or push an exit from EMU?

 Jeff Harding

Grecia suspenderá pagos (es solo el principio)

Grecia suspenderá pagos (es solo el principio)

No va a ser agradable, pero es inevitable: el nivel de endeudamiento es insostenible.

 Peter Tchir

The Evolution of EFSF

The Evolution of EFSF

It seems so long ago, but it was just over a year ago the EFSF was first created….

 Peter Tchir

Europa: fábulas políticas vs. realidades económicas

Europa: fábulas políticas vs. realidades económicas

El último paquete de “garantías” del FEEF muestra, una vez más, lo equivocada que está Europa.

 Peter Tchir

Europe – Political Fabrications instead of Economic Realities

Europe – Political Fabrications instead of Economic Realities

The latest EFSF “collateral” package shows once again, just how wrong Europe has it.