“Bail-In” Era for Europe’s Banking Crisis Begins by Don Quijones • Jun 7, 2017 • 91 Comments Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy.
Shock Waves Spread from Spain’s New Banking Crisis by Don Quijones • Jun 3, 2017 • 44 Comments Has the time finally come to test the EU’s bail-in law?
Despite the Hype, Italy’s Banking Crisis Metastasizes by Don Quijones • Jun 1, 2017 • 22 Comments The government’s giant debt is already “vulnerable to market turbulence.”
Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale by Don Quijones • May 29, 2017 • 7 Comments Spain’s sixth largest bank “itself cannot at this point make a rough calculation” of what its value is, “and if they can’t, neither can we.”
Catalonia Threatens Spain with “Financial Bloodbath” by Don Quijones • May 24, 2017 • 85 Comments Catalonia’s independence would set off Spain’s debt time-bomb.
Corporate America’s “Reverse Yankees” Shoot to Record in ECB Absurdity, But Who Are the Losers? by Wolf Richter • May 21, 2017 • 64 Comments Why do they risk so much for little?
ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to National Currency by Don Quijones • May 18, 2017 • 63 Comments The only other option: “Orderly restructuring.”
The Backlash to Spain’s New Property Boom Has Begun by Don Quijones • May 16, 2017 • 11 Comments When locals can’t afford to live there anymore.
It’s Really Crazy What This ECB Has Wrought by Wolf Richter • May 14, 2017 • 45 Comments In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?
Hit by Run on Deposits, Banco Popular Denies it’s Looking for Rushed Takeover to Avert Collapse by Don Quijones • May 12, 2017 • 26 Comments Spain’s 6th largest bank: “We have liquidity until the end of the year.”
