Articles




Eurozone’s Fragile Structure

Published by Philippe Herlin | Dec 13, 2012

We won’t be cruel by reminding you that François Hollande, recently, and his predecessor Nicolas Sarkozy, last spring, had declared the Eurozone crisis « over »... All the different bailout plans are only fragile undertakings, and the smallest shock can bring them down, as we know and are witnessing...

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Banks just won’t learn !

Published by Philippe Herlin | Nov 1, 2012

While publishing its last quarterly results, Morgan Stanley, the American bank, announced it had « modified its VaR model in order for it to be more receptive to the recent market conditions ». What’s behind this weird wording ?

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