Tourism in Southern Europe, Accounting for 13%-21% of GDP, is on its Knees. When Will it Get Back Up Again? by Nick Corbishley • Apr 24, 2020 • 98 Comments “First sector to be afflicted by the virus crisis and, unlike other crises, likely the last to recover from it.” And these economies are still incredibly fragile, even eight years after the last crisis.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
Eurozone Whistles Past its Biggest Threat by Don Quijones • Mar 24, 2017 • 24 Comments Italy’s Multi-Headed Hydra Predicament.
Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers by Don Quijones • Mar 17, 2017 • 39 Comments If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution.
Greek Stocks Are Down 60% Since Last Summer. Time to Buy? by Wolf Richter • Aug 18, 2015 • Comments Off on Greek Stocks Are Down 60% Since Last Summer. Time to Buy? “The thing is, everyone can’t be a contrarian at the same time.”
It Starts: Greeks Rebel Against Bailout, Risk Collapse by Wolf Richter • Jul 13, 2015 • 35 Comments “The recapitalization is so secure it fully safeguards deposits,” Greek Economy Minister
Central Banks Scramble, Fail to Rescue Stocks, after Greece by Wolf Richter • Jul 6, 2015 • 19 Comments “Europe is already surrounded by a geopolitical ring of fire.”
As the Eurozone Teeters, the IMF Does Something Weird by Don Quijones • Jul 4, 2015 • 16 Comments Mysterious Motivations.
The Biggest Greek Banks “Have Failed,” and “Resolving” Them Won’t Work: Fitch by Wolf Richter • Jul 3, 2015 • 19 Comments One heck of a doom-and-gloom mess, as analyzed by a ratings agency.
Greece’s Largest Industry Suddenly Takes a Terrible Hit by Wolf Richter • Jul 1, 2015 • 20 Comments No government has been able to kill it, so far.