Tuesday, 15 June 2010

Banking Crisis: Europe Banks The Next To Fail En Masse

Zero Hedge-European banks are in a freefall similar to what happened to US banks. We saw this coming months ago when I wrote in a blog post about the state of US, Europe and Canadian Banks. I said that of the three, I worried most about the European banks because asset prices had not fallen like they had in the states, and that the debt level of German and UK banks could precipitate another crisis. There are some very concerning things happening now in European Banks. more


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