Tag «Supervisory Mechanism»

Mixed messages for European bankers: Geopolitical Information Service

European authorities are sending out contradictory messages. The European Central Bank claims everything will be done to bail out troubled governments, while the head of the newly-created Single Supervisory Mechanism Daniele Nouy has announced that sovereign debts are no longer risk-free, writes economist and GIS consultant Professor Enrico Colombatto. Ms Nouy says some European banks …