|

On “Doom-Loops”, Insufficient Capital, Camels, and Utilitarianism: Market Suasion or Delusion?

  by Dr. John E. Charalambakis (October 24, 2013) In […]

EXCLUSIVE: Mario Draghi trains to run with the Euro

EXCLUSIVE: Mario Draghi trains to run with the Euro

 

by Dr. John E. Charalambakis (October 24, 2013)

In a interview on CNBC Mario Draghi (the head of the European Central Bank, ECB) told us yesterday that he is concerned about capital insufficiencies, balance sheet holes, and backstops related to the EU banks. He added that there is a need to “dispel the fog” regarding eurozone banks’ balance sheets, while he added that somehow the “doom-loop” between banks and their sovereigns (where eventually the banks finance their sovereigns’ deficits) need to break. For a moment I thought …

 Continue reading …

Black Summit Financial Group, Inc.

The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.

Related

  • March 17th, 2014

  • November 7th, 2013

  • March 24th, 2021

  • July 6th, 2017

  • December 13th, 2017

SHARE THIS ARTICLE!
JOIN OUR COMMUNITY AND STAY UPDATED!