Discover and read the best of Twitter Threads about #nordlb

Most recents (4)

“L’euro è strutturato come il marco. E gli altri Paesi lo hanno accettato. Un potente strumento deflattivo per tagliare le ali estreme” CARLO GALLI #lacaricadei101 (125/101)
“Oggi il Regno Unito è bloccato dall'Unione Europea, come altri Paesi nell'Ue. Anche l'Italia e altri Paesi starebbero molto meglio senza #UE" DONALD TRUMP (126/101) #lacaricadei101 repubblica.it/esteri/2019/10…
“L’adozione dell’euro da parte dei paesi del sud Europa ha reso la Germania una macchina da export. Si dovrebbe riconoscere che l’euro è una trappola. Un errore strategico. Chi vuole uscire dovrebbe poterlo fare” Giorgy Matolcsy #lacaricadei101 (127/101) ft.com/content/35b275…
Read 22 tweets
“L’Europa è costruita su un processo di lenta spoliazione di sovranità sulla pelle degli Stati nazionali. L’Italia trascura i suoi interessi al contrario di Francia e Germania” Andrew Spannaus #lacaricadei101 (119/101)
“Il progetto europeo potrebbe veramente fallire” FRANS TIMMERMANS (120/101) #lacaricadei101 euractiv.com/section/euro-f…
“...l'Europa continua ad essere intrappolata in un quadro di regole che spingono strutturalmente a una sottoutilizzazione dei fattori produttivi e dunque limitano il potenziale di crescita di tutta l'area” CNEL (121/101) #lacaricadei101 senato.it/application/xm…
Read 20 tweets
The #NordLB bailout plan is getting clear and in a funny twist of events, German pundits and politicians are going to take a looong look at the "funny" case of the tiny Italian bank Banca Tercas 1/n
This bank was bailed out by the Italian deposit guarantee scheme and nobody told the European Commission about it. In a move that surprised exactly no one, when they discovered it, the EC got quite pissed off
So they ruled that the bailout was state aid because (mostly) the deposit guarantee fund was public resources (despite the pirvate ownership etc.) This was an extremely important decision (and explains why the Carige bailout was funded from a side pocket of that fund)
Read 14 tweets
For my English-speaking followers, I provide a short summary of my recent op-ed in FAZ: "Banking Policy in the Glasshouse" (thread) 1/n
It starts from the observation that in the German public there's more outrage about bank rescues in Italy than about banking problems at home. This is even though #NordLB is much larger than #Carige. The German government even discusses a merger between 2/n
the 1st & 4th largest German bank, which would create a huge bank that would be even more systemically important than the two banks by themselves. I then discuss Banca #Carige and speculate about possible solutions, all likely involving taxpayers' money. 3/n
Read 11 tweets

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