Tag "European Stability Mechanism"

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Europe Finance

European Banking Union comes with fiscal discipline

By end 2014, the European Banking Union will be a reality. Aside from being aimed at restoring banking sector stability, there are far-reaching implications for fiscal discipline. The long-awaited European

Economics Europe

Will Greece have to ask for additional debt relief?

Greece’s debt-to-GDP continues to rise and is now at 175 percent. Simply put, the Euro has proven too expensive for Greece. Like Sisyphus pushing the boulder up the mountain, in

Europe Finance

Slovenia’s banking crisis is heading towards its peak

Slovenia’s ongoing banking crisis is heading toward its peak as the November date for the debt-ridden Slovenian banks’ stress test results closes in. Slovenian central banker Bostajan Jazbec has recently

Europe Finance

Cyprus Bailout Process Moves Forward Despite Risks

Monitors from the International Monetary Fund (IMF), the European Commission and the European Central Bank, collectively called the troika, visited Cyprus from July 17 until July 31 to assess the