Category Archives: Europe

Brexit Chaos

It’s getting harder to figure out what exactly is happening on the Brexit front, but even through the fog of negotiations, things don’t seem to be getting any better.

Italy’s New Fiscal Plans: The Options of the European Commission

What could the European Commission do if it decided to discipline Italy for defying budget rules?

Brexit Derivatives Risk: Did the City Overplay Its £38 Trillion Hand?

Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how serious a mess?

Brexit Crunch: Is the EU Trying to Save the UK from Itself? Is That Even Possible?

Brexit reaches the”overly dynamic” phase.

Don Quijones: Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies

Who will blink first as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for Europe’s monetary union and Italian banks.

Brexit Notes: Tory Conference and DUP Demands Yield More Insanity

Brexit has officially gone around the bend.

Something Russia and EU Appear to Agree on – the Euro

The very rational case for Russia and the EU to trade oil in euros.

Hard-Brexit Lobbyists Demand UK Roll-Back Environmental Standards to Strike Free Trade Deals with India, China and US

Another ugly but far-from-secret element of what was in store with a Glorious Brexit.

Crash Out Brexit Virtually Guaranteed as EU Leaders Talk Tough to Theresa May, Reject Chequers Plan, and Give Her October Deadline

Brexit negotiations are over. The only question is whether the EU and UK continue to expend energy talking past each other.

On Brexit, UK Negotiators Have Adopted a Hard Bargaining Strategy

A look at the UK’s negotiating stance, charitably assuming that it is by design.

Brexit: Circling the Drain?

Has anything changed on the Brexit front?

Don Quijones: No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks

To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis.

Causes of Turkey’s Crisis

Turkey is entering a major crisis, which many of the media have been quick to blame on Erdogan’s nationalist inclinations. However, the crisis has much more to do with poor economic fundamentals and the lending decisions of European banks.

Brexit: EU Takes Hard-Nosed Stance on Financial Services “Equivalence” Deals

Is the EU playing iron fist in velvet glove on the UK’s Brexit pitch for a financial services equivalence deal?