Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Surprise! Europe’s Banks Are STILL Totally Insolvent … !

October 16, 2013 by mosesman

euro_logo_dynamite

  • Surprise! Europe’s Banks Are STILL Totally Insolvent…! 
    by Graham Summers, Phoenix Capital Research, via http://www.zerohedge.com/
    While the US continues to bumble its way towards a debt ceiling crisis (somehow our President doesn’t have time to meet work on solving this, but does have time to make sandwiches with volunteers and give press statements about how we wants to work), Europe continues to make us look good by comparison.
    –
    Remember how we were told time and again that Europe was saved? Remember how repeatedly we were told that the European Central Bank (ECB) would do “whatever it takes” to fix things? Turns out all of that was a total load of BS. Indeed, the IMF just announced the following:
    –
    Nobody knows the true scale of potential losses at Europe’s banks, but the International Monetary Fund hinted at the enormity of the problem this month, saying that Spanish and Italian banks face 230 billion euros ($310 billion) of losses alone on credit to companies in the next two years.
    –
    Yet five years after the United States demanded its big banks take on new capital to reassure investors, Europe is still struggling to impose order on its financial system, having given emergency aid to five countries.
    http://www.reuters.com/article/2013/10/13/us-eurozone-banks-idUSBRE99C03Y20131013 
    –
    Remember, Spain was the banking system that was great right up until it demanded a 100 billion Euro bailout. Then only six months later, one of its largest problem banks (which had taken 18 billion Euros in bailout funds) announced it still had a negative valuation.
    –
    The entire EU banking system is insolvent. Unlike the US where the banks raised capital to address their problems, EU banks have not raised capital nor have they reduced their leverage (of 26 to 1 by the way). Instead, they’ve simply swapped garbage assets as collateral to the ECB, which counts this garbage at 100 cents on the Euro, and issues liquidity to the banks.
    –
    read more!

end

Post navigation

Previous Post:

Long-Standing Controversy Settled – DNA Shows Ashkenazim Female Line Descended From Southern And Western Europe, NOT the Near East!

Next Post:

ALERT! Government Freezes EBT Funds: Orders States to Withhold Transfers to Food Stamp Recipients!

Pages

  • About

Recent Posts

  • Deep State Controlled Demolition of America – Alex Newman
  • Fateful Decision: NATO Imposes Naval Blockade on Gulf of Finland And Kaliningrad – 70,000 NATO Troops Around Russian Enclave
  • Gravitas: China’s Mysterious Pneumonia Spreads. US, Europe Record Cases
  • Israel Issues ‘Evacuation Map’ as It Targets South Gaza | Al Jazeera Newsfeed
  • Gaza: 1.7 Million People Displaced, Thousands of Lives Lost, Limited Humanitarian Access, Infrastructural Damage, Heavy Rainfall, Flooding …
  • Evacuated from the North, Being Bombed in the South
  • ⚡ALERT! Shots Fired at US Nuclear Base, Gold at All Time High, War Restarts in Israel, Germany WW3
  • 🔴 BANKING CRASH IS BREWING: $684 BILLION Reported by U.S Banks In Unrealized Securities Losses
  • ‘Larger War Is Coming’: Hamas’ Chilling Threat To Israel; Says, ‘Won’t Stop Fighting Till…’
  • Drew Hernandez Exposes the NWO Psyop to Collapse Civilization
  • Megaton “Bomb” from NYT: “Wall of Jericho” the Code Name – Israel Knew a Year Before the Attack Plans of Hamas! (video)
  • Video: UK Health Security Head Admits Use Of Face Masks Was Never ‘Evidence Based’
  • Israel Pounds Southern Gaza As Officials Say ‘Long War’ Expected For A Year Or More
  • 🔴 BREAKING: Petrodollar Slow Death Continues As The UAE Ditches Dollar In Its Oil Transactions
  • Hostages THANK Hamas For Compassionate Treatment!
  • 2024 Gold Revaluation Coordinated Or Weaponised? – LFTV Ep 151
  • We Won’t Escape the Financial Meltdown That’s Currently Underway | Steve Quayle Joins Doug Hagmann | November 30, 2023
  • “Mass Assassination Factory”: Israel Using AI to Generate Targets in Gaza, Increasing Civilian Toll
  • Blackout In Israeli Towns As Hezbollah Launches Rockets Into Israel; Two Killed In Lebanon Strikes
  • Iran’s Loitering Anti-Aircraft Missile Downs US-Israeli Drones? Houthis, Hezbollah Deploy ‘Saqr 358’

Archives

  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
October 2013
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes