Analysis

Nature vs Nurture: ‘The first EU Commission born in the EU Parliament’?

Author: 
29 Oct 2014
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Region: 
EU/Eurozone

The new European Commission takes office on November 1 after its requisite run of confirmation hearings with the European Parliament. First Vice President-designate Frans Timmermans observed in his own hearing that the Juncker Commission was “the first Commission born in the European Parliament...

Novo Banco: Made in Brussels

Author: 
7 Aug 2014
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Region: 
EU/Eurozone

At the start of this week the Portuguese authorities announced plans to resolve the failing Banco Espírito Santo. The approach taken – bailing in shareholders and junior bondholders, splitting off problem assets, and creating Novo Banco, a bridge bank, to operate as a going concern – provides a...