Great article! I haven't read much about it on the mainstream media. Those figures are quite scary in the current context. Hopefully they will manage to align themselves with the US standards.
Do you know how this scheme works between ECB and the sovereignty as? It would be interesting a similar article, but talking about this aspect with the ECB.
Sorry I missed this at the time. Just seen it now.
I thought at the time there might be an issue within the Eurozone, but it seems that this is being resolved as in the US through a deferred asset arrangement.
Given the (self-imposed) nature of central bank interest rate cycles, the US deferred asset approach is quite sensible. The accounting treatment fits with the temporary nature of the 'problem'.
No point in making a monetary mountain out of a manageable molehill.
Great article! I haven't read much about it on the mainstream media. Those figures are quite scary in the current context. Hopefully they will manage to align themselves with the US standards.
Great.
Do you know how this scheme works between ECB and the sovereignty as? It would be interesting a similar article, but talking about this aspect with the ECB.
Sorry I missed this at the time. Just seen it now.
I thought at the time there might be an issue within the Eurozone, but it seems that this is being resolved as in the US through a deferred asset arrangement.
Given the (self-imposed) nature of central bank interest rate cycles, the US deferred asset approach is quite sensible. The accounting treatment fits with the temporary nature of the 'problem'.
No point in making a monetary mountain out of a manageable molehill.
Fully agree.