Monday, January 26, 2015

Syriza party wins election in Greece - reactions re Greek debt

Greek election: Reaction to Syriza's victory - live updates  [Telegraph, Jan 26 2015]

Eurogroup 

Arrival and doorstep Eurogroup President (Dijsselbloem) [europa.eu, video, Jan 26 2015] [Dutch & English]


ECB

ECB cannot agree to debt relief for Greece, board member says  [Ekathimerini, Jan 26 2015]

IMF 

IMF set to continue support Greece after election [France24, Jan 26 2015]

EU 



ESM/EFSF



Germany



Belgium

Ireland

Finland 

Malta

Estonia 


Individuals 

Hold the celebrations: Greece is still doomed  [Telegraph, Jan 27 2015]


IW-Chef Hüther fordert Reformen "Sehe keinen Grund für Schuldenschnitt"  [N-TV, Jan 27 2015]



Expert: Finland won’t lose money if it agrees to extend Greek debt  [Yle, Jan 26 2015]



please note: more reactions from other EZ countries as soon as they become available 

Sunday, January 4, 2015

Greece:Latest (2015) debate on possible #Grexit after surveys suggest Syriza win

Facts & opinions  

Greek elections January 25
Greek polls frontrunner says win will start leftist change in Europe [AFP/Yahoo news, Jan 3 2015]
Former Greek PM Papandreou sets up new party, complicating election outlook [Reuters, Jan 2 2015]
Why You Should Care About Greece Again [Businessweek, Jan 2 2015]
As Early Elections Near, Greek Legislators Disband [NYTimes, Dec 31 2014]
In graphics: Greece's snap elections  [The Economist, Dec 30 2014]

'Grexit'
German government denies changing tack on Greece  [AP/Businessweek, Jan 4 2015]
Why Grexit would not help Greece G Wolff, Bruegel, Jan 6 2014]
Austria urges restraint re 'Grexit' debate [FAZ, Jan 6 2015] #
Why the Greek debt crisis stings a little less this time around  [Globe&Mail, Jan 6 2015] 

How Greece might avoid a Grexit  [The Economist, Jan 5 2015]
Germany Does Care About a Greek Exit  [Bloomberg View, Jan 5 2015] 

European Commission:"Eurozone membership irrevocable" [De Morgen, Jan 5 2015] *
Hollande: 'Greece must stick to EU commitments'  [The Local France, Jan 5 2015]
Carsten Schneider(SPD): "A mindless discussion" [DLF,Audio+text, Jan 5 2015] #
Sven Giegold(Greens):"Dangerous meddling in the Greek election campaign" [S G, Jn 5 2015] 
France: It's up to Greece to decide whether to leave euro [AP/Businessweek Jan 5 2015] 

Top economist (Bofinger) of a Greek exit [Die Welt, Jan 4 2015] #
Debt crisis: New debate about 'Grexit' [Sueddeutsche Zeitung, Jan 4 2015] #
Former EU Commissioner Rehn intends to reduce Greek debt burden [Der Spiegel , Jan 4 2015] #
Citi suggestion against looming deflation: ECB should use helicopter money [Der Spiegel, Jan 4 201] #
BUiter: Deflation article in the Lisbon Treaty is a disaster [BNR Radio, Jan 4 2014] *
All eyes on Berlin as ECB readies bond-buying scheme [Reuters, Jan 4 2015]
Germany Mistakenly Believes The Euro Could Survive Greek Exit  [Forbes, Jan 4 2014]
Greek leftist Tsipras says ECB cannot shut Greece out of stimulus  [Reuters, Jan 3 2014]
Germany believes euro zone could cope with Greece exit: report  [Reuters, Jan 3 2015]
The Cost of a Grexit  [Observing Greece (blog), Jan 4 2015]
Greek euro exit would be ‘Lehman Brothers squared’: economist [marketwatch, Jan 3 2015]
Yanis Varoufakis: Greek and European Prospects for 2015  [Naked Capitalism (blog), Jan 2 2015]




          EU-Kommission zu #grexit: "Eurozonen-Mitgliedschaft ist unwiderruflich."


















facts:
German bank exposure to Greece around 23.5 billion euros [Ekathimerini, Jan 5 2015]

market reactions:








useful, related links:
Syriza’s chief economist plots a radical Greek evolution within the eurozone  [Guardian, Dec 23 2014]
Top EU court looks into ECB bond buying [DW, Oct 14 2014]

please note: as always, compilation of links likely to grow in the near future


* = Dutch language
# = German language


Sunday, November 2, 2014

ECB stress test 2014, facts, comments & related news

The facts:

2014 EU-wide stress test results [EBA, Oct 2014]
Comprehensive assessment [ECB, Oct 26 2014]

comments, discussion, related news:
ECB Plans ‘Intrusive’ Probe of Banks’ Risk-Weight Models [Bloomberg, Nov 18 2014]
After AQR and stress tests – where next for banking in the Eurozone?  [T Beck,VoxEU, Nov 10 2014]
Eurozone Bank Regulator to Follow Up on Stress Tests  [Dealbook,NYRimes, Nov 3 2014]
Danièle Nouy : « Les "stress tests" étaient nécessaires pour retrouver la confiance »  [Les Echos. Nov 3 2014]
Cracks in the Stress Tests of European Banks [NYTimes, Nov 1 2014]
European stress tests not stressful enough [Frances Coppola,Pieria, Oct 28 2014]
Monday blues for Italian banks [Silvia Merler, Bruegel, Oct 28 2014]
Bankentest is moeilijke evenwichtsoefening [Paul de Grauwe,Oct 28 2014]
Mediobanca plans no M&A, year gets off to strong start [Reuters, Oct 28 2014]
Banks now ready to face any risks [Cyprus Mail, Oct 28 2014]
Stress Tests: Statement form Roberto Gualtieri the ECON Chair  [europarl.europa.eu, Oct 27 2014]
European Bank Tests Not As Stressful As Hoped [Forbes, Oct 27 2014]
Under full capital rules, 36 EU banks would have failed test [Steve Slater,Reuters, Oct 27 2014]
The ECB’s Stress Tests and our Banking Dis-Union: A case of gross institutional failure [Yanis Varoufakis, Oct 27 2014]
For Spanish Lenders, What a Difference Two Years Make [Dealbook,NYTimes, Oct 27 2014]
European Stress-Test Results Have Isolated Errors, Inconsistencies  [WSJ, Oct 27 2014]
Italy Bank Mergers Possible After ECB Tests, Industry Group Says [Bloomberg, Oct 27 2014]
ECB Review Marks End of Europe Banking Crisis, Dijsselbloem Says [Bloomberg, Oct 27 2014]
European Stress Test Results – Both ‘Worrying and Reassuring’ [WSJ, Oct 27 2014]
ECB stress tests vastly understate risk of deflation and leverage [AEP,Telegraph, Oct 27 2014]
E.C.B. Stress Tests Seen as Bolstering Confidence in Banks [Dealbook,NYTimes Oct 27 2014]
Europe’s Banking Union starts on an encouraging note  [N Veron, Bruegel, Oct 27 2014]
Only Few Banks Failed, But The ECB "Stress Test" Also Reveals Weaknesses Of Those That Passed  [S & P Global Credit Portal, Oct 27 2014]]
Monte dei Paschi’s Stress-Test Failure Opens Door to Possible Merger, Sale [WSJ, Oct 27 2014]
The European Commission welcomes the publication of the results of the EU-wide stress test [europa.eu,Oct 26 2014]
The marathon has only just begun – what will come after the stress test? [Bundesbank, Oct 26 2014]
Bank of England statement on EBA stress test publication [Bank of England, Oct 26 2014]
Dexia et Axa Banque Europe recalées aux stress tests, mais sans conséquence  [LeSoir(be) Oct 26 2014]
A Country-by-Country Breakdown of the Stress Test Fails [WSJ blog, Oct 26 2014]
Volksbanken Faces Scrutiny as ECB Finds $1.1 Billion Hole  [Bloomberg, Oct 26 2014]
Van Overtveldt: "Met Dexia zitten we duidelijk op het goede pad" [De Morgen, Oct 26 2014]
For Europe’s banks, $36-billion hole isn’t as deep as it seems  [Globe & Mail, Oct 26 2014]
Harmloses Ergebnis mit starker Wirkung [SZ, Oct 26 2014]
ECB faces test of its own as Europe braces for landmark banking review [Reuters, Oct 25 2014]
Who’s afraid of the AQR? [Michiel Bijlsma & Sander van VeldhuizenBruegel, Sep 24 2014]





please note: as usual, some more links will be added in the near future