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42 sats \ 1 reply \ @duvel 25 Jun \ on: Unrealized losses at banks remain a smoldering problem econ
You mentioned that unrealized bank losses are worse in the eurozone. Do you have a reference for this, article or chart? Is it a matter of time before they're uncapitalized?
What I can say, however, is that during the GFC, German banks alone had to take advantage of public rescue programs amounting to half a biilion euros. If we assume a higher volume today, as is the case with the American banks, the situation is likely to be more than fatal.
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