Belgium

Papandreou Retreats From Referendum Idea – Political Chaos In Greece – Will EU Deal Be Approved? – Even Without Bankruptcy Greece Will Not Recover For Years

Posted by on November 3, 2011 at 10:24 pm

By Paolo von Schirach Related stories: http://schirachreport.com/index.php/2011/05/08/if-greece-goes-bankrupt-what-consequences-for-german-and-french-banks-lack-of-transparency-enhances-fears/ http://schirachreport.com/index.php/2011/11/01/surprise-of-greek-referendum-reopens-eu-debt-crisis-markets-down-italys-bonds-in-danger-zone-can-europe-manage-all-this/ http://schirachreport.com/index.php/2011/10/31/eu-rescue-plan-not-credible-states-the-economist-markets-down-italys-long-bond-above-6-the-chairman-of-ferrari-asks-berlusconi-to-step-aside/ November 3, 2011 WASHINGTON – So, where are we on Greece today? Well, who knows exactly. Only last week a landmark agreement was reached by all EU partners to reduce the Greek debt load, with  more funds coming in to stabilize this unfortunate country. Then, after the [...]

Bankrupt Belgian Bank Dexia Is Nationalised, After Passing “Stress Test” Just a Few Months Ago – Need To Inject Hundreds of Billions In Other European Banks – EU Policy-Makers Still Unwilling To Take Big Steps – Britain Only Case Of New Fiscal Course

Posted by on October 9, 2011 at 8:47 pm

By Paolo von Schirach October 9, 2011 WASHINGTON – Dexia, Belgium’s biggest bank, just went under. The French and Belgian governments hastily decided to nationalize it in order to avoid possible “contagion”, this way limiting  the damage to the European financial system.  But how did this big failure happen? Remember that just a few months ago European banking [...]