"Bankrupt Europeans are flocking to London"

"The City of London is getting itself a bad name. A “bankruptcy brothel” is what some now call it – a haven for European companies and their owners fleeing creditors, into the welcoming arms of its courts."

Financial Times,   Link

"The economy: The gain, then the pain, of life in euroland"

Financial Times

Link

"Banks borrow less than feared from ECB"

"European Central Bank hopes of a smooth return of €442bn of emergency loans it made to banks a year ago have been boosted after demand for three-month liquidity offered as an alternative fell far short of expectations.

Just €131.9bn in three-month liquidity was taken by 171 banks, the ECB reported on Wednesday. Analysts had feared that banks would demand €250bn or more."

Financial Times, 30 Junho 2010 

Link