Defuse the Euro Time-Bomb with a Global Glass-Steagall
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Tag Archives: ESM
Kenny’s spin on Bank Recapitalisation an attempt to hide Government failure to stand up for Ireland – Carthy
Sinn Féin MEP, Matt Carthy, has said that the assertion of Enda Kenny that a deal on retrospective recapitalisation of Irish bank debt is no longer a consideration is further evidence that the government simply will not stand up for … Continue reading
Posted in Ireland
Tagged enda Kenny, ESM, Fine Gael, Klaus Regling, Labour Party, Matt Carthy, retrospective bank recapitalisation, Sinn Féin MEP
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The government has failed the Irish people on retrospective bank deal: Doherty
Sinn Féin Finance Spokesperson Pearse Doherty TD has said the government has failed the Irish people by admitting defeat on the possibility of a retrospective bank deal. Deputy Doherty was speaking after the Taoiseach was reported to have admitted there … Continue reading
Posted in Ireland
Tagged Dail, ESM, Ireland, Matt Carthy, Pearse Doherty, retroactive recapitalisation, Sinn Féin
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New Anglo-Irish and Italian Derivatives Revelations To Shape EU Bail In Summit
26 June (LPAC) New revelations of huge Italian derivative losses put European Central Bank President Maro Draghi in the hot seat and maybe in jail. These revelations come out on the eve of the crucial European summit where the bail-in … Continue reading
Posted in Austerity & Bank Bailouts, Economy, Ireland
Tagged bail-in, bank guarantees, derivatives, Draghi, ESM, Ireland, Italy, JP Morgan
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Eurozone banks hold at least one trillion euros worth of worthless securities.
24 June (EIRNS) Wolfgang Muenchau writes in todays’ Financial Times that potential loses of eurozone banks can be anywhere between 1 trillion to 2.6 trillion euros thus making any discussion of using the ESM to recapitalize banks, or the European … Continue reading
Posted in Austerity & Bank Bailouts, Economy
Tagged bad banks, banks, ESM, european commission, eurozone, Germany, Greece, Ireland, Italy, Portugal., recapitalization, Slovenia, Spain, Walter Munchau
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Now is Historic Moment in Karlsruhe
Murswiek: historic moment in Karlsruhe 11 June (eirns) This morning, the two-day public hearing of the German constitutional court on the legal complaints against the ESM and ECB, particularly the OMT and bond-purchasing programs of the ECB, began in Karlsruhe, … Continue reading
Posted in Austerity & Bank Bailouts, Economy
Tagged banks, Constitutional Court, ECB, ESM, eurorescue, expertocracy, Germany, Karlsruhe, Prof. Dietrich Murswiek
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EU Commission Prepares Scheme for Bail-Ins To Be Run by Brussels
6 June (EIRNS) The EU Commission has allegedly prepared a new scheme to supersede the Hollande-Merkel small step towards a Banking Union and a Banking Resolution (bail-in) Authority. The draft was presented as a discussion paper among EU Commissioners, and … Continue reading
Posted in Economy
Tagged bail-in, banking resolution mechanism, banking union, ECB, ESM, EU Commission, Hollans, Merkel
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German-French “Tango on the Volcano’s Edge”
This morning’s media, including Ireland’s ,is full of Der Spiegel’s Angela Merkel soundbites reflecting on her “summit ” with French President Hollande. Here is the real story behind the soundbites: June 1 (EIRNS) — The nine-page paper issued by French … Continue reading
