EU and Eurozone debts are a risk to global financial stability

EU/Eurozone debts: a risk to global financial stability

Published on 13th April 2023

EU and Eurozone member states understated their debts at the end of 2021 by 44% of EU GDP and their total liabilities by 70%. This represents a major risk to global financial stability, as the understatement causes shortfalls of capital and collateral at the […]

EU and Eurozone are massively over-indebted – but official figures obscure it

EU and Eurozone are over-indebted

Published on 12th April 2023

EU and Eurozone member states fail to fully report their financial liabilities. The key measure tracked by Eurostat – ‘General government gross debt’ – is circumvented to such an extent that, based on year-end 2021 figures, debts of around €6.4 trillion failed to be registered, and contingent […]

Unicredit capital position before merger with Monte dei Paschi di Siena

Published on 2 August 2021

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 […]