Christopher Spink covers financial restructuring across Europe, as assistant editor for International Financing Review. He is currently focusing on the Eurozone crisis as well as regulatory developments as part of IFR’s People & Markets team. Previously he wrote about M&A for another Thomson Reuters title Acquisitions Monthly. During his 15 year career Chris has also covered AIM companies and venture capital backed businesses, as head of research and deputy editor at Growth Company Investor. He also wrote best-selling book, "How to invest when you don’t have any money", when he worked at investment website The Motley Fool.
- +44 (0) 20 7542 3814
Since November the eurozone’s biggest banks have been directly supervised by the European Central Bank as part of the Single Supervisory Mechanism. Contrary to many expectations, however, national regulators have retained huge sway over many of the region’s biggest lenders.
Greece last week paid its latest €750m loan instalment to the International Monetary Fund by tapping monies already parked at the institution. But economists are warning that the risk remains the country will default on other slices of its official-sector debts of over €200bn.
Ukraine’s chances of reaching a restructuring agreement with its creditors by June, as required by the IMF, look increasingly bleak after the two sides revealed how divided they remain by trading grievances in public statements last week.