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 […]
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 […]
August 1st, 2012 | by Stanislas Jourdan | published in Warning signs | Leave A Comment »
Being busy with my projects, I’m not posting very much these days. So here is a quick roundup of warning signs I’m looking in my radar.
May 17th, 2012 | by Stanislas Jourdan | published in Warning signs | Leave A Comment »
As the crisis deepens, europeans banks are increasingly relying on central banks. What does it mean for the real economy?
May 11th, 2012 | by Stanislas Jourdan | published in Warning signs | 8 Comments »
The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection.
April 25th, 2012 | by Stanislas Jourdan | published in Crisis routine, Warning signs | 1 Comment »
The European Central Bank is suspected to have lent more extra money to banks than we knew so far. While some people suspect spanish banks for being beneficiary of such operations, Cyprus’s banking system could also be concerned. Here are at least some intriguing evidences.
March 31st, 2012 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
On Thursday, the Irish government announced that it reached a deal about the promissory notes issue, that forces Ireland to pay 3,06 bn euros on march 31st. But this deal actually does not defer any payment neither relieves Ireland from its heavy debt burden. In France, the only newspaper that reported about this information was Les Echos. But […]
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