Commentaries

Re-elected Barroso faces market challenge

By Paul Taylor
September 16, 2009

bozoJose Manuel Barroso promised the European Parliament that as re-elected president of the European Commission he will have more authority to fight for Europe and defend its single market against economic nationalism.

Gifts for all on Barroso’s Christmas tree

By Paul Taylor
September 15, 2009

danybozo-epJose Manuel Barroso’s pitch to the European Parliament for a confirmation vote on Wednesday was like a Christmas tree, with gifts for everyone.

German Opel aid tests EU rules

By Paul Taylor
September 15, 2009

opel-logosThe credibility of the European Union’s single market and state aid rules is at stake over Germany’s selective offer of taxpayers’ money to preserve Opel factories and jobs on its soil.

Dash for trash in tier 1

September 15, 2009

Bondholders seem to be relatively undaunted by the European Commission and its various machinations to ensure bank investors share some of the pain for state bailouts.

Good hybrid crack

September 11, 2009

It’s interesting to see the Irish government seems to have been keeping a close eye on the hybrid debt fiasco, as it is now embracing the securities as a way to ensure the country’s banks don’t get an easy ride offloading dud property loans to NAMA, its bad bank scheme. I guess you could call it a form of payback.

French PM eyes Barroso’s job?

By Paul Taylor
September 7, 2009

fillonIs France trying to stymie Jose Manuel Barroso’s re-election for a second term as European Commission president?

Barroso’s EU vision lacks levers for change

By Paul Taylor
September 7, 2009

Could the European Union be among the big losers of the global financial crisis?

Despite signs that recession in Europe may be bottoming out, the 27-nation bloc risks emerging from the turmoil with its economic growth potential stunted, its public finances shackled by mountains of debt, and its international influence weakened.

The European Commission strikes back

September 4, 2009

Reeling from the humiliation of failing to stop Belgian bank KBC paying interest on some of its subordinated bonds, the European Commission has won a new victory in its bid to see bondholders share the pain of bank bailouts.

A dark horse for financial innovation

August 27, 2009

Financial crises tend to spark innovation, and this one will be no different.  Today’s Times of London carries a story on a new security Lloyds Banking Group is devising to raise capital and reduce its participation in the British government’s asset protection scheme (GAPS).

No-one escapes the European Commission

August 26, 2009

Fitch just delivered some pretty hefty downgrades on subordinated debt sold by Lloyds Banking Group’s insurance arms Clerical Medical and Scottish Widows.