one crisis after another, with ever shrinking intervals. Fun!

With high probability we will see a banking crisis within the eurozone. The trigger could be a sovereign debt crisis which brings down the value of balance sheets by further devaluation of government bonds and comercial papers. The banks werent capable strengthening their capital positions since the GFC like their american peers did. What will be left if people loose confidence in the ability of the BCE prepping up the european bond market?? Fear....

It's all so tiresome

мы это обсуждали не так давно! генадий М