Loading...

What should we do with Europe's zombie banks?

, 16/03/2011

I think that regular readers  can predict my answer. It is the one that in fact any banker would, in a fit of honesty, give you: Non-performing loans must be deleted from the banks’ books. Same with derivatives that stand no chance of finding a market/buyer. These nonperforming paper assets weigh banks down and ensure […]

Further debate on the Modest Proposal for the Resolution of the Euro Crisis

, 16/01/2011

JG, a regular contributor to this blog (see here and here) and ex City of London banker, suggested to me that Step 1 of the Modest Proposal should be rethought in the context of the experience with Brady bonds; the financial instruments US Treasury Secretary Nicholas Brady devised in order to tackle the Debt Crisis […]

The Modest Proposal for the Euro

, 16/11/2010

A two-part plan for overcoming the eurozone’s crisis, re-designing its crumbling architecture, and reinvigorating the European Project (jointly authored with Stuart Holland, ex Member of Parliament in the UK, a former advisor to Jacques Delors and, currently, Visiting Professor at Coimbra University, Portugal)

Cookies help us deliver our services. By using our services, you agree to our use of cookies. More Information