More than anywhere else in Portugal, the city of Porto is turning into a ghost town.
Crisis routine
A day in Porto, a ghost town in the making
August 1st, 2013 | by Stanislas Jourdan | published in Crisis routine, Featured | 4 Comments »
There is no such thing as a guaranteed deposit
July 1st, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
A new EU resolution is putting an end to the fallacy of the deposits guarantees in Europe.
Should Germany repay Greece on war reparation?
April 18th, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
Just like Greece should not repay its current public debt to foreign investors, Germany should not repay Greece for war reparations debts.
Emergency liquidity assistance in Cyprus: 10.2bn euros
April 11th, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
Since many of my readers from Cyprus seem curious about the so called “emergency liquidity assistance” (ELA) that have kept the banking system afloat for the last 18 months, I have updated my chart according the latest information released by the Central Bank of Cyprus. Here it is (ELA in red): At end-february, the level […]
No surprises in Cyprus
March 30th, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
As I said, in my previous post on the matter, Cyprus had two choices: either refuse to bail-in its banks, which implied directly to be ejected form the eurozone, either to balance better who would pay. Therefore Cyprus’ final deal is probably close to a good one.
Cyprus at crossroads between Europe and Russia
March 21st, 2013 | by Stanislas Jourdan | published in Crisis routine | 1 Comment »
While the idea of bailing-in the Cypriot banks was good idea in principle, the way the Cypriot government and the troika implemented was very badly designed – not to say scandalously unfair. Now it’s up to the Cypriot People to demand a better plan. But which one?
Bankers prove basic income is feasible in Greece
December 28th, 2012 | by Stanislas Jourdan | published in Crisis routine | 2 Comments »
So the greek central bank just announced the cost of the greek bank recapitalization : 27.5bn euros just for the 4 biggest banks, 40 bn overall. That could even top at 50bn, the Bank of Greece admits. This represents about 20% of Greece’s GDP. What a scam, isn’t it? Well, this is actually awesome: just by doing […]
Cyprus’ concessions & troika’s confessions
December 15th, 2012 | by Stanislas Jourdan | published in Crisis routine | 2 Comments »
Current negotiations between the EU and Cyprus’s government towards a bailout deal for over-indebted Cyprus could lead to an important confession from the troika: yes, private investors must and can pay the price of the crisis.
A simple & powerful solution for banks’ public recapitalization
November 27th, 2012 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
There is a simple solution for managing a public banking sector recapitalization without merely giving a free lunch to bankers : distribute equity to the People.
Firenze 10+10: Learning from defeat
November 20th, 2012 | by Stanislas Jourdan | published in Crisis routine | 9 Comments »
Last European Social forum was a failure in terms of convergence. How can Europeans citizens and civil society organization can join their forces for a another Europe? Here are few ideas on how to improve the next european social forum. Ten days ago, I was attending Firenze 10+10, the seventh European Social Forum. This event was held […]
