banking crisis

Author: Philip Bagus* *Philip Bagus is an associate professor at Rey Juan Carlos University. He is an associate scholar at the Mises Institute. He is the author of numerous books, including In Defense of Deflation, Blind Robbery!, The Tragedy of the Euro, and co-author of Deep Freeze: Iceland's Economic Collapse. While the euro crisis seems to be stuck in …

"The European Central Bank (ECB) is the central bank responsible for the single European currency, the euro. The ECB's main task is to maintain the purchasing power of the euro and, consequently, price stability in the euro area. The European Central Bank is committed to performing efficiently all central banking tasks entrusted to it, and in doing so …

The case of the bankrupt Corporate Commercial Bank (CCB) and the banking panic that hit First Investment Bank give us reason to return to some of the basic problems of the modern form of banking[1]. And especially after the announcement of the idea of paying out all deposits (even amounts exceeding 100,000 euros) in CCB, not …

The BNB's ambitious plan to save the banking system actually raised more questions than answers, and the end result was more confusion than relief. To top it all off, on July 14, the media reported the magic number of BGN 3.7 billion – the amount that would be needed to implement …

Iliya Lingorski* According to Tsvetelina Dimitrova from the Executive Agency for Hail Control, radar stations in Europe provide information every 4-5 minutes. “But you can’t say how the cloud will develop at the beginning, and when it is already certain what is coming, there are 10 minutes left until the beginning. Can you imagine …

Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis was over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country," President Plevneliev said decisively. They said ...

Iliya Lingorski* Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis is over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country." the president said decisively ...

The Governor of the Bulgarian National Bank told the media today that Corporate Commercial Bank is not bankrupt. Not that we can expect another statement from an institution created to save banks from the effects of the credit expansion they generate, but we should note that there is some truth in his words. Without …