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Tag Archives: ECB
America puts dying European banks on live support
For a brief moment this week it seemed as though the French bank Crédit Agricole would collapse because of lack of liquidity. Such an event had been a long time coming because European banks are having increasing difficulties in rolling … Continue reading
Posted in economy, politics
Tagged Ben Bernanke, credit bubble, ECB, Eurpean crisis, FED, insolvent banks, Marshall help, over leveraged banks
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IMF warns of a new banking crisis in Europe!
Just when financial markets calmed down a bit, the new boss of the International Monetary Fund, Christine Lagarde, came with an almost dramatic appeal to urgently recapitalize banks. She even went as far to advise banks, which are unable to … Continue reading
Posted in economy, politics
Tagged balance sheet of the ECB, banking crisis, central banks, debt problem, ECB, Europe, government bail out, IMF
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