The Italian Bad Bank: A Better Alternative
The severe financial crisis of recent years hit Eurozone industrial production; in a bank-centric currency area this resulted in tremendous growth of NPLs (non-performing loans),
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How The Oil Price Crash Is Wrecking Mario Draghi’s QE Effect
2015 will go down as the year when the oil price crash did not result in a swift decline in oil output. At a first
The Incurable Japanese Syndrome And Europe
For the fifth time in seven years Japan is back in recession, with GDP shrinking by a further 0.2% in the third quarter. Meanwhile, inflation
Managing The Economy Politically: Chinese Pitfalls
After eight months of continued contraction, the Chinese manufacturing juggernaut is officially stranded. The rollercoaster ride of the summer of 2015 with its market crashes
New Countdown For Greece: A Bank Bail-in Is Looming
The debt crisis may no longer be in the spotlight but the financial situation in Greece remains complex. Greek banks continue to survive at the
The Global Slowdown And the Narrowing Of The Fed’s Freedom Of Action
On September 17, the Federal Reserve postponed again the decision – ‘announced’ many times in advance – to raise interest rates toward “normal” levels after