STRESS TEST: Spanish Banks Will Need As Much As €62 Billion In Black Sky Scenario

Blazquez Dominguez/Getty Images Spanish miners burn tires to block a road during a miner’s demonstration in northern Spain. Spanish banks would need as much as €62 billion, or $78 billion, in a black sky event, a new report out of Oliver Wyman.

Insight: The power brokers with Europe’s fate in their hands: Nikolas Blome

Nikolas Blome is one of the most powerful journalists in Europe. Chief political correspondent and deputy editor of Bild, continental Europe’s most widely read daily newspaper, he commissions stories that attract some 12 million readers. Few newspapers have been as

SPOTTED! Amid Crisis, Eurozone Ministers Are Drinking This Champagne

It’s a cliche that while Europe implodes, Eurocrats, and PMs and finance ministers are meeting, sipping champagne. Dow Jones reporter Matina Stevis snapped this pic of a tray full of chilled champagne at the Eurozone Finance Ministers meeting that’s happening in

The German Economy Has Cracked

  A significant economic event has taken place in Europe today… All through the crisis, the German economy has been stunningly resilient, despite the fact that all of its natural export markets were collapsing. The miracle run is coming to

Tools ‹ A different perspective — WordPress

Tools ‹ A different perspective — WordPress.

Originally posted on wall of controversy:
Dear Greeks, You are a proud people, a proud nation. Tomorrow you have yet another set of elections. You say: We’re free. Bild says: It’s in your hands. There is a difference. If you…

Saving the Euro Europe Under Pressure to Fulfil G-20 Promises

dapd World leaders emerged from the G-20 meeting in Mexico satisfied that Europe is making progress on efforts to save the common currency from collapse. But now the euro zone must come up with a concrete plan. Expectations are high

Same Parties in Charge New Government, But No New Beginning in Athens

DPA New Democracy leader Antonis Samaras was sworn in as new Greek prime minister on Wednesday at the presidential mansion in Athens. Greece has a new government, ending weeks of uncertainty in the country. New Democracy leader Antonis Samaras was

A Game of Euro Chicken Playing Until the Germans Lose Their Nerve

An old post from Spiegel International REUTERS In the ongoing game of euro chicken, will the Germans balk? Or lay more golden eggs? For Germany, being part of the European Union has always included an element of blackmail. France has