Open Europe blog: Ostrich banking tests

Álagspróf á bankakerfi evrusvæðis

"Remember the EU's banking 'stress tests', which were supposed to determine the health of the key financial institutions across Europe? The tests, that were published last summer, infamously cleared all Irish banks. Only a couple of months later, two of these banks were forced too seek help from the Irish state to avoid bankruptcy, which in turn forced Ireland to apply for a bail-out."

Krækja: Open Europe blog: Ostrich banking tests

FT.com / Europe - Weber says hawkish views led to ECB race exit

Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run for European Central Bank presidency

Krækja - (krefst áskriftar)

Axel Weber Drama Needs Explanation - The Source - WSJ

WSJ

"We will probably have to wait for Mr. Weber’s memoirs to find out what really happened. The German government is made to look not a little silly after the man they quasi-officially backed for the job suddenly bolts. After all, following a Dutchman and a Frenchman, this was deemed Germany’s term for the ECB top job." - Krækja

Germany's Steinbrueck doesn't want ECB job - Bloomberg

"'I am not available for this job.'"

Krækja

Weber: saw credibility problem with ECB job - BusinessWeek

"Weber had voiced unease over the ECB's program, launched last year, to buy bonds of troubled eurozone countries and called for the program to be stopped.

Weber, 53, was quoted as telling the weekly Der Spiegel that he had taken 'clear positions that I still stand by.'"; Krækja