European Financial Stability Mechanism

After ECB Liquidity Injections And Fiscal Reform Agreement, Europe Is Looking Much Better – But Systemic Economic Weakness For Greece, Italy And Spain Remains Unchanged

By Paolo von Schirach March 3, 2012 WASHINGTON – A European summit without the pressure of another...

Greek Bonds At 34%, While Default Is Considered Now An Option – EU Failed To Fix A Relatively Small Problem, While Moving Slowly Towards A Fiscal Compact – Are The Europeans Serious?

By Paolo von Schirach January 15, 2012 WASHINGTON – A sad but powerful illustration of EU indecisiveness...

European Financial Rescue Measures May Not Work As Intended – Italy Facing Higher Borrowing Costs – Besides, Rescue Addresses Only Symptoms – Europe’s Real Problem Is Low Growth

By Paolo von Schirach October 29, 2011 Related stories https://schirachreport.com/index.php/2011/10/25/will-european-debtfinancial-crisis-be-solved-yes-but-not-soon-eu-institutions-weak-hesitant-national-political-leaders-will-not-move-fast-enough/ https://schirachreport.com/index.php/2011/10/27/europeans-agreed-on-measures-to-end-debt-crisis-greek-debt-will-be-reduced-rescue-fund-to-be-augmented-eu-banks-to-increase-reserves-yet-serious-doubts-about-implementation-italys-ability-to/ WASHINGTON – In recent articles (see...

Europeans Agreed On Measures To End Debt Crisis – Greek Debt Will Be Reduced, Rescue Fund To Be Augmented, EU Banks To Increase Reserves – Yet Serious Doubts About Implementation – Italy’s Ability To Fulfil Obligations Openly Questioned By Partners

By Paolo von Schirach October 27, 2011 WASHINGTON – The Europeans –at last– have put together the...

European Banks Need a TARP-Like Measure to Inject New Liquidity And Recreate Market Confidence, Says Roger Altman – Problem Is Europe Has No Treasury To Plan and Implement – EU Institutions Weak, Not Up To The Task

By Paolo von Schirach October 12, 2011 WASHINGTON – Former Clinton era US Deputy Secretary Roger Altman...

The Greek Debt Problem Will Not Go Away – Europe Is In A Dilemma, As The Bail Out Cost Is Causing Political Resentment – But No Way To Let Greece Drown

By Paolo von Schirach September 8, 2011 WASHINGTON – Greece for Europe is the mid sized problem...

Berlusconi Promises Tough Budget Measures For Italy – Attempt To Avert Greek Style Debt Crisis – Good Show, But Do Not Count On Structural Public Spending Reforms – Italian System Is Incapable

By Paolo von Schirach August 15, 2011 WASHINGTON – The European Council President, Herman Van Rompuy, praised...

“The Economist”: Piloted Bankruptcy For Greece – Sovereignty Surrendered – Yet No Political Agreement Is in Place To Allow Any Of This

By Paolo von Schirach June 27, 2011 WASHINGTON – The Economist, news magazine has its own recipe...