Tag Archive for Balance Sheets

Berlin is ignoring the lessons of the 1930s – Roubini and Ferguson-FT.com

By Niall Ferguson and Nouriel Roubini We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. …Fixated on the non-threat of inflation, today’s Germans appear to attach more importance to 1923 (the year of…

Time for bank bond write-downs: James Saft | Reuters

It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses. Throughout the now five-year-old global financial crisis, writing down bank debt when banks are insolvent is a step that policy-makers have been almost universally unwilling to take. Fearing a rolling line of bank failures…