Boiling Frogs

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 […]

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 […]

Euro crisis: worrying facts roundup

August 1st, 2012  |  by  |  published in Warning signs | Leave A Comment »

Euro crisis: worrying facts roundup

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.

European banks lifeline round up – march 2012

May 17th, 2012  |  by  |  published in Warning signs | Leave A Comment »

European banks lifeline round up – march 2012

As the crisis deepens, europeans banks are increasingly relying on central banks. What does it mean for the real economy?

Confirmed: central bank of Cyprus is rescuing cypriot banks through ELA

May 11th, 2012  |  by  |  published in Warning signs | 8 Comments »

Confirmed: central bank of Cyprus is rescuing cypriot banks through ELA

The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection.

ECB’s undisclosed bank aid? The Cypriot lead

April 25th, 2012  |  by  |  published in Crisis routine, Warning signs | 1 Comment »

ECB’s undisclosed bank aid? The Cypriot lead

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.

French press gets trapped by Irish blah blah

March 31st, 2012  |  by  |  published in Crisis routine | Leave A Comment »

People protesting in front of the Central Bank of Ireland

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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