The ECB confirms the status of the Eurosystem: a parasite serving only the needs of the Eurozone public sector

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 European Stability Mechanism is a dead letter with inadequate firepower

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 […]

Unicredit capital position before merger with Monte dei Paschi di Siena

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 […]