Åland Islands
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Europe weighs its options to deal with troubled banks
European banks are in bad shape, and shareholders and bondholders are feeling the heat. With governments and regulators still groping for a solution, various options have bubbled to the surface.
Summary
<i>Three main responses have been proposed to Europe’s banking crisis: 1) more stringent regulation and ...
Yuan’s slow rise could mean trouble for Western economies
At the end of November, the International Monetary Fund (IMF) announced that from October 2016 the Chinese yuan will be part of the basket of currencies that defines the Special Drawing Right (SDR), the accounting unit the organisation uses to carry out financial operations. The immediate practical effects will be ...
Throwing money at the migration crisis will not solve it
Just a week ago, European Union and African leaders closed their migration summit in Malta. In light of the subsequent events in Paris, the gathering is already all but forgotten. That is not surprising, because it was a display of utter impotence, writes Prince Michael of Liechtenstein.The immigration crisis – ...
First glimmer of hope for Donbas deal as guns fall silent
Russia’s entry into the Syrian conflict has fundamentally altered its stand-off with the United States and Europe. Until Russia launched its first air strikes in Syria on September 30, the crisis in Ukraine was near the top of the international agenda. At the time, some still feared an escalation of ...
EU waiting game may work with Catalan separatists
The success of separatist parties in September’s regional elections in Catalonia sent jitters throughout Europe, as many wondered whether other independent-minded regions around the continent would follow its lead. However, Brussels’ response – essentially remaining silent – deprived the separatist movement of a casus belli, allowing it to degenerate into ...
