German banks’ collapsing share prices tells you something nasty is going on, says Matthew Lynn. And it may burst into the open at any time.
There were no nasty surprises in the latest European bank stress tests. But there is the usual whiff of “eurofudge” about the results.
Many of Europe’s banks still look pretty haggard, says John Stepek. But if you look carefully, you might just find some bargains.
Remain lost the war, says Tim Price. Better by far that they come to terms with the peace as quickly as possible.
The City was largely in favour of remaining in the EU and was worried about the prospects for business if we voted Leave. What’s on the cards for the financiers?
Turkey’s equity market and the Turkish lira, which had fallen sharply in the wake of the country’s failed coup, have recovered some of their lost ground. But the gains may not last: there is still a great deal to worry about.
Italian banks are on the brink of collapse and EU rules make bail-outs seem politically impossible. Will they fall – and who will they take down with them?
Mass immigration has led to populism across Europe. The best way to tackle that, says Ed Chancellor, is to address the festering problem of inequality.
Voting to leave the European Union was the easy bit – years of political and legal wrangling and protracted trade deals now lie ahead, says Simon Wilson.
Most economists are so personally committed to staying in the EU that they disregard all the facts and forecast disaster if we leave, says Matthew Lynn.
Europe’s biggest problem right now isn’t Brexit. It’s Italian banks. And while that in itself won’t spark the next financial crash, how the authorities respond to it just might.