Re-thinking Development, Economics, Finance and Environment

Europe's stricken banks wait for a rescue that never seems to come

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1 week 7 hours ago — RT “@standardpoors: Is austerity being relaxed in the #Eurozone – and does it matter for ratings? http://t.co/A2YRl6IkFd”
1 week 8 hours ago — Many in the #EU r “@Jeffrey_Black: @WhelanKarl Asmussen said today central banks can operate for a while with negative capital if needed..”
1 week 8 hours ago — Given the widespread misunderstanding that the #Bank in #CentralBank causes particularly in #Germany I propose renaming them #MoneyCreators
1 week 8 hours ago — Well done @ecb 4 finally explaining 2 #Karlsruhe that #CentralBanks are not really #Banks & 'losses' are not really losses. Take that #Buba
1 week 8 hours ago — Important @LorcanRK: http://t.co/WS0jexvH6i see under "possible consequence" to see how @ecb could handle a loss (without hitting taxpayers”