Greece has announced that it will not pay the IMF the €300 million due to the Fund on June 5. Instead, it will “bundle” the payments due to the Fund over the course of June into one payment of ab…
Relentlessly falling inflation is bad news for Eurozone banks. It increases the real (inflation-adjusted) value of borrower debt and the real cost of servicing that debt. It causes loan defaults…
Back in April, we showed that the eurozone countries most in need of lower corporate borrowing rates benefited only marginally from ECB rate cuts. Today’s Geo-Graphic shows that little has changed…
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