Tag "EFSF"
Europe
Finance
What a sovereign default would look like on the ECB’s balance sheet
Central banks’ QE programmes have exposed them to sovereign defaults in an unprecedented way. However, the most likely candidate in Europe is likely to do little damage. Given the centrality
Europe
Politics
How likely is the Greek bailout strategy to succeed?
Greece and its Eurozone partners agreed an 11th hour deal on February 20th to extend the country’s bailout for four months, setting up another potential standoff in June when a 3.5 billion
