Topic: European Banks Crash For 4th Straight Week (Read 2631 times)

But such downfalls and crash should not happen worldwide so early. 1930-2008 and the next one will need more years.

I'm sure it was considered, probably much in the same way as the popularity of the Iraq war was considered, ie. "how much can we get away with?".
Here's how one of Irelands biggest banks added up the numbers:
http://www.zerohedge.com/news/2013-06-24/anglo-irish-picked-bailout-number-out-my-arse-force-shared-taxpayer-sacrifice

You make it sound like the taxpayers have a say in the matter. There was no referendum in 2008. Things were just done without much consideration of how politically popular the actions were.

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Europe and European have a LOT of problems.  Muslim invaders that they do nothing about is just one, albeit a big one.

The European banks apparently have at least as much, or more, debt on their books as the American ones do.  And like stan.distortion above mentioned, Europe has a lot of weaker banks and countries that they have to tend to.  Italian banks are now in the spotlight.

Deutsche Bank is the Gran Enchilada of ticking time bombs.  They were just busted by admitting manipulating silver & gold prices for many years.  Deutsche has HUGE derivatives exposure, more than any other in the world IIRC.


Tick tock tick tock

What law is this? I've never heard of it. I don't think EU banks hold stocks at all. They might hold bonds, but they rarely hold stocks because they are so volatile.

You know Panama papers,now there are news who was hiding his money there.There is no news by who that
firms are creared,So only Deutche Bank has about 4000 firms like that all over the world
other big banks german,french,dutch etc have his own,thay are all related,You will nver know how much money is there.It is like parallel economy.Now Deutche Bank has to agree to coparate in inestigation who were frauding gold trading.To avoid next penalties thay will revail who was manipulating market together with them
But thay are to big to fail,great excuse

This is true. The stock rates of banks are usually indicators of the economic condition. They show preliminary what happens to the economy in a couple of months.

There are too many banks in Europe (in almost all countries) which have a not working and bad business model and which are nonviable.

That's the trouble, the highly advanced and productive European countries are being dragged down by the others that simply aren't ready for the same level of advancement. Here in Ireland a huge amount of European loans where pumped into the country in an attempt to bring it up to a similar level as the more advanced parts of Europe. It was a big leap forward but it would need to be an order of magnitude bigger at least to actually bring it to the same level, the extra administrative costs alone are unsustainable and it would need a change of mentality that could only happen over generations.

Being taken by surprise by that is inconceivable, lenders on that size are in the business of calculating risks and that one is way off the scale no matter what way you look at it so the whole point of those loans wasn't modernisation, it was debt entrapment, just the same as Greece, Portugal, every other European state that simply couldn't advance that quickly. Something similar was tried in Iceland and a back to back comparison of how the situation played out makes that even more clear, Iceland suddenly found it's self expected to pay back a huge amount of money it never asked for and imprisoned those responsible, it was either that or they'd have been lynched and has dug its self out from the trap. Ireland on the other hand accepted it and is very unlikely to ever escape from it (there's another round of the same in the works right now) and Greece was forced to sign an inescapable agreement to the same ends. Practically the whole world is in the same situation to some degree, debt they never asked for and can't escape from.

I guess this is just he beginning.
A lot more of news like that to come the next years.

European banks are quite strong and rich. Germany and France are very rich countries, they fund a lot of whole EU funds. 

Check that, the IMF pensions are about to lose 150 mio Euro with that haircut!

http://www.reuters.com/article/austria-heta-asset-world-bank-idUSL5N17I1U9

No no, everything's fine, nothing to see here at all. In fact, I'd suggest giving our bankers a bonus for keeping everything so stable and secure. That was pretty much the message in 2007 but I doubt taxpayers will be so easily fooled into footing the bill this time around.

US Industrial data are showing that USA is entering in recession,no doubt about,data are the same ike in the
begiing of any previous recession
So no more rates increase and what,lowering rates,negatives rates,new QE
Dead end

Yes, and I didn't bring it up initially because the main issue was how badly the chart itself was manipulated to fit the narrative the author wanted to tell, but with the rapidly aging baby boomer generation over the last 20 years and continuing forward, you would expect total employment percentage to start to drop because baby boomers are retiring out of the work force a lot faster than new workers are coming in. But like I said, this is a small issue compared to how badly the chart was manipulated, but another small way the conclusion the author is trying to draw is unfounded.

Hah, nice catch. I think more people need to pay attention to this. Opened my eyes to how easily data can be manipulated to force relationships.

You could argue for scale, but then at the very least you'd need to put the employment percentage in exponential as well.

Adjusting or changing the entire portfolio mix is not a quick process, and is definitely a painful process.
Spain is an example where this adjustment is taking place.

Haha, I have noticed a high correlation between conspiracy theorists and zerohedge readers. And they're undaunted by the fact that the doomsday prognostications never come true. No one remembers all the failed predictions when there's a brand new doomsday crisis to push every week.

I'm sorry, looking at the chart, it shows "eu bank stocks" goin from 115 to just above 95.  I don't see that as world-shattering.  And zerohedge is a doomsday website still much favored by the folks who are still waiting for silver to go to the moon.

I don't follow. What is your link between the banking system and Hitler coming to power?

All western economies, they've all printed themselves into a corner. The real worry for me here is the IMF if/when that happens because they're likely to step in as the "great saviour" and get their hands on everything our banks has laid claim to in the process. That would basically leave us with a 2 party politics style global economy, BRICS and the IMF.