Boiling Frogs

Crisis routine

A day in Porto, a ghost town in the making

August 1st, 2013  |  by  |  published in Crisis routine, Featured | 4 Comments »

A day in Porto, a ghost town in the making

More than anywhere else in Portugal, the city of Porto is turning into a ghost town.

There is no such thing as a guaranteed deposit

July 1st, 2013  |  by  |  published in Crisis routine | Leave A Comment »

There is no such thing as a guaranteed deposit

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  |  published in Crisis routine | Leave A Comment »

Should Germany repay Greece on war reparation?

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  |  published in Crisis routine | Leave A Comment »

Emergency liquidity assistance in Cyprus: 10.2bn euros

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  |  published in Crisis routine | Leave A Comment »

No surprises in Cyprus

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  |  published in Crisis routine | 1 Comment »

Cyprus at crossroads between Europe and Russia

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  |  published in Crisis routine | 2 Comments »

The cost of the greek banks recapitalization

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  |  published in Crisis routine | 2 Comments »

Cyprus’ concessions & troika’s confessions

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  |  published in Crisis routine | Leave A Comment »

A simple & powerful solution for banks’ public recapitalization

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  |  published in Crisis routine | 9 Comments »

Firenze 10+10: Learning from defeat

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 […]

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