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Guillén, Mauro


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3 articles of this author have been cited in the European Press Review so far.


El Huffington Post - Spain | 14/07/2015

Greek crisis: Mauro Guillén sees Paris and Berlin on course for divorce

The Greek crisis has made it clear that France and Germany have very different standards on the path to European unity, Professor of political economy at the University of Pensylvania Mauro Guillén comments on El Huffington Post website: "The Greek crisis has mutated into a Franco-German confrontation over the rules that govern European unity. For France, European integration is a goal to be achieved regardless of the cost. For Germany, although European unity figures prominently on its agenda, the speed and depth of European integration must be analyzed pragmatically, weighing the benefits and the costs. This means that France wants Greece to stay within the Eurozone no matter what, while more Germans than ever think that there is no room in it for a state that lacks the resources, the capabilities, and the political will to be a full member of a monetary union."

El Huffington Post - Spain | 17/09/2013

Reforms overdue five years after Lehman

Five years after Lehman Brothers went bankrupt in mid-September 2008 the control mechanisms for financial institutes have barely improved, warns Mauro Guillén, director of the Lauder Institute of Management and International Studies at the University of Pennsylvania, in the left-liberal online newspaper Huffington Post: "We thought that with Lehman a certain kind of grand-style financial transaction, a certain lifestyle on Wall Street and a peculiar paralysis of the regulators had come to an end. But five years later we still haven't resolved certain fundamental issues. ... These include the systemic risk, the famous 'too big to fail', the separation of commercial banking from the speculative operations of investment banks and the minimum capital requirements for banks to prevent similar disasters. ... What happened in 2008 was in my opinion a major failure of our institutions. Profound reforms are therefore urgently needed. This is the big lesson to be learned from Lehman five years later."

Blog Mauro Guillén - Spain | 22/06/2012

Rescue only Spanish banks that can survive

Spain's ailing banks need up to 62 billion euros, according to reports presented by two independent consulting firms on Thursday. But more important is what happens to the money, economist Mauro Guillén explains in his blog for the online newspaper Huffington Post and calls for banks without a future not to be rescued: "What will the banks do with the billions to rain upon them? Will they continue to buy public debt to help the state finance itself or facilitate loans for the private sector? A recapitalisation without establishing clear criteria, incentives or priorities would in my view be a mistake for two reasons: firstly, the markets and investors are going to change their essentially pessimistic attitude regarding the Spanish economy until there are signs of economic growth and declining unemployment. … But more problematic is the fact that the government and the central bank are making no attempt whatsoever to distinguish between those banks that have a future and those that, despite millions in recapitalisation, won't be able to compete in the long term."

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