Daniela Gabor and Jakob Vestergaard Last week, the European Commission launched its Action Plan for a European Capital Markets Union (CMU). By European standards, this ‘most significant EU proposal for the last […]
Some of the largest banks have been in touch to complain about the recalculations of Europe’s stress test data that I published last week. Not a big surprise that they would. But I’ve accepted […]
Smoke and mirrors apart: it is France and Germany that have by far the largest equity funding shortfalls among Eurozone banks.* Further, the aggregate equity funding shortfall for European banking is much larger than the […]
Today marks the operational start of the Single Supervisory Mechanism (SSM), charged with supervision of European banks. A milestone paving the way for the SSM was the comprehensive assessment of European banking, […]
The European tax on financial transactions (FTT) is back on the table. Last week, both Francois Hollande and Angela Merkel said it; they want an agreement among the 11 participating EU countries […]
In early February, the German Constitutional Court concluded that the program which saved the Eurozone from impending collapse, less than two years ago, violates the German constitution. The so-called ‘Outright Monetary Transactions’ […]
