. it was a hot industry to jump in, as worker or as investor no matter. Everyone wanted to buy a house, even foreign people. But the wages remained very low while the price of real estate was flying off. So everyone was borrowing from the banks. As they lent a lot, the banks had to borrow in turn. 
Topic: Spain's banking crisis flared up again - page 2. (Read 1021 times)
The crisis come from the boom in the 2000s, real estate was something good in Spain. The spanish kept building. They were building everywhere, all the time . it was a hot industry to jump in, as worker or as investor no matter. Everyone wanted to buy a house, even foreign people. But the wages remained very low while the price of real estate was flying off. So everyone was borrowing from the banks. As they lent a lot, the banks had to borrow in turn.
. it was a hot industry to jump in, as worker or as investor no matter. Everyone wanted to buy a house, even foreign people. But the wages remained very low while the price of real estate was flying off. So everyone was borrowing from the banks. As they lent a lot, the banks had to borrow in turn. 
if Italy, Portugal, Spain, Greece are the weakest links of EU
what about Estonia,Latvia,Lithuania? are they the strongest links
?
EU is bound to dissolve,only members benefitting from it are Germany,UK(not any more) and France (to some extent)
what about Estonia,Latvia,Lithuania? are they the strongest links
?EU is bound to dissolve,only members benefitting from it are Germany,UK(not any more) and France (to some extent)
Italy, Spain, Greece, Portugal have way more importance than any other country in the EU. It is because of the size of their economy and their geographical location.
Those countries you mentioned above are more Russian than European anyway
If they leave EU, they can always join back to USSR.They also don't have a healthy economy but we don't see them in the news everyday. They are in a bad shape but they know it and act accordingly. There isn't anything beyond repair there. Mediterranean countries are aware of their situation too but they are beyond repair. They are fckd.
You are right generally though. There are also countries like Bulgaria, Romania etc. They no good neither but like i said, even if they all disappear tomorrow, they can't damage EU as much as Italy alone.
Spain has many problems. Its youth unemployment for 19-24 age bracket has hovered around 50% for years.
The issue with banks is they gamble with derivatives which is not unlike betting on sports.
Sometimes, banks bet big on derivatives & lose as US banks lost prior to the economic crisis of 2008.
When banks lose & become insolvent they drag the economy of the country they operate in down with them.
The issue with banks is they gamble with derivatives which is not unlike betting on sports.
Sometimes, banks bet big on derivatives & lose as US banks lost prior to the economic crisis of 2008.
When banks lose & become insolvent they drag the economy of the country they operate in down with them.
Italy, Portugal, Spain, Greece (obviously) are the weakest chains of EU.
All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
if Italy, Portugal, Spain, Greece are the weakest links of EU
what about Estonia,Latvia,Lithuania? are they the strongest links
?EU is bound to dissolve,only members benefitting from it are Germany,UK(not any more) and France (to some extent)
Nice to see a non-bitcoin topic:) Personally I am euro bearish so I am glad to hear such news, although sentiment on euro is currently very positive (don't know why, it just is) so I am standing aside and watching.
These are all pointers to why Bitcoin is superior to fiat.
We aren't subject to the reckless policies of governments in power. I think bad banks should be allowed to fail. They should be shut down methodically, so that ripples are not felt by other market participants.
Nice to see a non-bitcoin topic:) Personally I am euro bearish so I am glad to hear such news, although sentiment on euro is currently very positive (don't know why, it just is) so I am standing aside and watching.
Italy, Portugal, Spain, Greece (obviously) are the weakest chains of EU.
All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
ECB has to buy those countries' bonds, because if those countries fails, the EUR currency can fail too, or can lose it's value agains USD and other major currencies (and it can weaken Germany as well). Southern countries know this, so they're not worried too much about the prudentiality of their fiscal policy, someone will always save them (if you remember Greece, their situation has been solved too, sooner or later, somehow).All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
Italy, Portugal, Spain, Greece (obviously) are the weakest chains of EU.
All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
All because of Germany.
Germany are enslaving those countries by giving them loans. When they can't pay it back, Germany gives them even more. They can't stop giving. ECB buys every Italian Bond there is for years. If Germany (ECB) ever stops buying, EU will collapse in a flash.
This can't end well
http://www.zerohedge.com/news/2016-11-29/brexit-redux-ecb-ready-buy-more-italian-bonds-if-referendum-rocks-markets
http://www.zerohedge.com/news/2017-05-05/italy-dependent-ecb-foreign-investors-dump-bonds-amid-capital-flight
The banking crisis in Europe seems to flare up again. After problems in Italy, Spain's banks seem to have problems.
Spanish bank Santander took over struggling smaller rival Banco Popular which has suffered a sharp fall in its share price in the last week over fears about its liquidity situation.
Two small Spanish banks will be closely watched in the coming days after the fall of Banco Popular sparked fears over the strength of the sector.
One of those banks is Liberbank, which was formed in 2011 by the merger of three failed savings banks, had seen the value of its riskiest bonds collapse by 60 per cent in recent days.
Spanish bank Santander took over struggling smaller rival Banco Popular which has suffered a sharp fall in its share price in the last week over fears about its liquidity situation.
Two small Spanish banks will be closely watched in the coming days after the fall of Banco Popular sparked fears over the strength of the sector.
One of those banks is Liberbank, which was formed in 2011 by the merger of three failed savings banks, had seen the value of its riskiest bonds collapse by 60 per cent in recent days.
It seems that the more southern EU members are usually the ones that have problems with their economy. I heard that in Italy years ago, they got to the point where you are limited to how much money you can withdraw from your ATM, which kinda sucks.
I'm curious what keeps causing them these problems.
The banking crisis in Europe seems to flare up again. After problems in Italy, Spain's banks seem to have problems.
Spanish bank Santander took over struggling smaller rival Banco Popular which has suffered a sharp fall in its share price in the last week over fears about its liquidity situation.
Two small Spanish banks will be closely watched in the coming days after the fall of Banco Popular sparked fears over the strength of the sector.
One of those banks is Liberbank, which was formed in 2011 by the merger of three failed savings banks, had seen the value of its riskiest bonds collapse by 60 per cent in recent days.
Spanish bank Santander took over struggling smaller rival Banco Popular which has suffered a sharp fall in its share price in the last week over fears about its liquidity situation.
Two small Spanish banks will be closely watched in the coming days after the fall of Banco Popular sparked fears over the strength of the sector.
One of those banks is Liberbank, which was formed in 2011 by the merger of three failed savings banks, had seen the value of its riskiest bonds collapse by 60 per cent in recent days.
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