IREF headline
The press releases following the meeting of the ECB Governing Council (GC) on Thursday 22 July 2022 are masterpieces of uninformation in which the ECB attempts to gaslight its stakeholders, making them question their own perception of reality. It is ironic that the ECB […]
Red alerts are flashing all over the Whitehall radar screen. The Prime Minister has been deposed and the country is leaderless for the summer. Living standards are plummeting under the impact of soaring inflation. Russia’s savagery tortures Ukraine and threatens our security.
It is easy to take […]
[as published on www.brexit-watch.org on 13 July 2022 under the above headline and photograph, a Photo of Anak Krakatau by arief adhari/EyeEm from Adobe Stock]
BREXIT HAS BEEN largely botched so far, as has so much else by the present government. Remainers, several now emanating from their mausolea, claim that prices would be lower and […]
Germany has been resistant to many measures of the European Central Bank, not least the size of its bond-buying programmes and its latest ‘Transmission Protection Mechanism’ approved at the main meeting of July 2022. The aim of the ‘TPM’ is to avoid ‘fragmentation’, meaning the yields on the bonds issued by some Eurozone member states […]
Balances of banks sitting in the Eurosystem and percentage of respective country’s GDP
As previously published by irefeurope.org but with more detail behind the numbers
The European Central Bank (ECB) held its latest Governing Council meeting on 14 April 2002 and issued its normal press release. It issued its longer ‘Combined monetary policy decisions and statement’. Finally […]
The subscribed and paid capital contributions of the 19 ESM members
This article was published for the first time on www.brexit-watch.org on 6th April 2022.
The European Stability Mechanism (ESM) is the main Eurozone bailout fund should further members be unable to access capital markets directly: the ESM would finance the member state, as they have done […]
It looks likely that Unicredit will be entering into a shotgun wedding with Mone dei Paschi di Siena (MPS). Unicredit will be compelled by the Italian political and monetary authorities to act as a White Knight.
MPS just failed its European Banking Authority Stress Tests but then it has been flat broke for years.
For a putative […]