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July 2011

Portugal's Pedro Passos Coelho: Where is the money?

July 26, 2011 Comments (0)

Newly-elected Prime Minister Pedro Passos Coelho has this week cast doubt over the integrity and honesty of his predecessors in government by accusing them of not telling the full story when it came to the country’s accounts. read more

EBA Stress Test 2011 - Details of the 90 Banks - Tables (Bank-by-Bank)

July 26, 2011 Comments (0)

This is a summary of the 985 pages long detailed report. (Tables may take a while to load) read more

EBA Stress Tests Results - official results - 8 banks fail stress test

July 26, 2011 Comments (0)

  Results of the 2011 EU-wide stress test  To see bank-by-bank data go here! read more

2011 EU-WIDE STRESS TESTING EXERCISE - EBA website - F5, F5, F5, F5...

July 26, 2011 Comments (0)

So, how many of you are glued to this website pressing F5?!

an asymptotic perspective on the credit ratings agency Voodoo

July 26, 2011 Comments (0)

  A STORY in 12 blog posts   (I had to run to catch up!.....)   read more

Portugal's debt agency IGCP slams Moody's as arrogant after downgrade

July 26, 2011 Comments (0)

Portugal's public debt agency IGCP has criticized the rating agency Moody's as 'arrogant' in downgrading the country's credit rating to junk, the news agency Lusa said Friday. The IGCP sent an e-mail to investors who had bought Portuguese debt, telling them that the rating agency's 'superficial' decision was based on 'opinions rather than proof.' Moody's had been 'arrogant' in ignoring the opinion of the 'troika' formed by the European Union, the European Central Bank (ECB) and the...

Council Statement on backstop mechanisms

July 26, 2011 Comments (0)

Following up to the conclusions of the 24-25 March Spring European Council, the Council has reviewed, as part of a coordinated strategy, the availability and soundness of the backstop measures in place to address decisively any remaining pockets of vulnerability in the EU banking sector. read more

PIIGS Government Revenue and Expenditure in 2010

July 26, 2011 Comments (0)

Where can the PIIGS save and where should they increase their revenue to get out of the debt trap? Here are some detailed government data for 2010 (in million euros). read more

Euro area and EU27 government deficit at 6.0% and 6.4% of GDP respectively. Government debt at 85.1% and 80.0%.

July 26, 2011 Comments (0)

In 2010, the government deficit of both the euro area (EA17) and the EU27 decreased compared with 2009, while the government debt and GDP increased. In the euro area the government deficit to GDP ratio decreased from 6.3% in 20093 to 6.0% in 2010, and in the EU27 from 6.8% to 6.4%. In the euro area the government debt to GDP ratio increased from 79.3% at the end of 2009 to 85.1% at the end of 2010, and in the EU27 from 74.4% to 80.0%. read more