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The ECB Should Not Purchase Italian Nonperforming Loans

Georges Ugeux | Posted 02.17.2016 | World
Georges Ugeux

The ECB has no place and no legal right to purchase such assets. For the Italian Treasury to negotiate with the ECB is equivalent to negotiating with itself. Mario Draghi did run the Tesoro for many years. The Governance of the ECB is increasingly questionable.

Will Italy Prompt a Global Financial Crisis?

Georges Ugeux | Posted 02.09.2016 | Business
Georges Ugeux

The current situation is definitely not pretty. In the turmoil that affects equity markets, banks seem to be taking center stage. Among them, Italian banks have become the center of attention.

Bankers Look To 'Recommit' To 'Safety And Soundness' At Davos

Reuters | Posted 03.27.2012 | Business

By Alexander Smith DAVOS, Jan 26 (Reuters) - Bankers feel under siege, and from the heights of Davos in the Swiss Alps they are lookin...

ECB Action Not Enough Save European Banks From S&P Downgrade Threat

Posted 12.23.2011 | Business

The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself protect ...

Italian Bank To Cut Thousands Of Jobs As Profits Evaporate

Posted 11.14.2011 | Business

MILAN (Silvia Aloisi and Gianluca Semeraro) - Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, re...

Europe Will Support Banks That Cannot Quickly Raise Enough Capital

Posted 09.07.2011 | Business

BRUSSELS (John O'Donnell) - European countries will support banks that fail stress tests if those lenders cannot raise capital from investors within s...