Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months

June 20, 2016 by mosesman

Mario_Draghi_QE-Europe_collapsing_ECB

  • Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months
    by Don Quijones, http://wolfstreet.com/  
    Past a possibly messy Brexit & elections in France and Germany
    Senior bankers in Spain and Italy can breathe a collective sigh of relief after Europe’s finance and economic ministers decided on Friday to postpone, for at least 18 months, a decision on setting a limit on the government bonds some banks can hold as eligible “risk-free” capital. It was one of four things keeping Spanish senior bankers awake at night. Now, they can sleep a little sounder.

    –
    The initiative, initially proposed by the German government and supported by other fiscally hawkish governments such as Finland and the Netherlands, was intended to limit the purchase of public debt by banks, in order to break the vicious cycle of co-dependence that now exists between sovereign and bank risk.
    –
    If allowed to happen, the move could have posed a very serious threat to the balance sheets of many banks on the Eurozone periphery. According to European Central Bank data, euro-area sovereign bonds accounted for over 10% of banks’ assets in the Eurozone, or €2.73 trillion ($3 trillion), at the end of 2015 — over €300 billion more than at the end of 2014, on the eve of the ECB’s launch of its negative interest rate policy (NIRP).
    –
    This trend is particularly acute in countries like Portugal, Spain, and Italy, where banks’ balance sheets are filled to the gills with bonds of their individual sovereigns — all considered “risk free” for regulatory reporting. Just the merest suggestion of loosening the chains of interdependence between sovereigns and banks was enough to set off shrieks of panic in the halls of government and banking C-suites of Madrid, Rome, and Lisbon.
    –
    read more.
http://www.express.co.uk/finance/city/641080/European-banks-heading-for-collapse-warns-expert
Wakey! Wakey! Global economic, financial and currency crisis may be delayed but it is rapidly approaching. Got physical gold/silver yet? Click on image for article.

end

Post navigation

Previous Post:

Webster Tarpley: Paris Attacks, False Flags & ISIS’ True Leadership

Next Post:

Canada Experiments with Digital Dollar on Blockchain

Pages

  • About

Recent Posts

  • Increasing Tremor Along the Cascadia. EQ Swarm Continues at MT. Rainier. Saturday Night Update
  • ‘Israel Burns After Nuclear Attack’: Iran Official Shares Chilling Pic Of ‘Apocalypse’ | WW3 Teaser?
  • ⚡ALERT: Nuclear Plans LEAKED! Avoid These Kill Zones!
  • Leaked: Israeli Plan To Restart Iran War; Netanyahu Told Trump When IDF Will Attack; He Replied…
  • Third Temple Update : Final Rehearsal Done, Real Ceremony Date Leaked Online
  • Southern California EQ Swarm… Something Bigger Soon? Friday Night Update 7/11/2025
  • Alarming Cardiac Surge EXPOSED What’s Behind the Sudden Spike?
  • ALERT: Their Secret Plan To Revalue Gold Was Just Leaked
  • Iran To Attack Israel With Putin’s Jets? Russian IL-76 Military Aircraft ‘Unloads Cargo’ In Tehran
  • UK Economy on Brink of ‘COLLAPSE’ After SPOOKED Debt Markets SOAR: Labour face ‘THIRD WORLD BAILOUT’
  • 4.3 Earthquake With Numerous Swarms Around the San Andreas Fault. Be Ready! Friday Update 7/11/2026
  • Powerful Earthquake Swarm Rocks California Sparking Fears of the Big One
  • BRICS Just Bypassed the Dollar #shorts
  • Shocking Move By US Sets Tone, Dollar Declining! | Tavi Costa
  • China’s Top Self-Service Hotpot Collapses, 30,000 Closures in H1, Franchisees Lose All After 45 Days
  • Families Crushed by China’s Housing Crash: Mortgages, Foreclosures, and Broken Dreams
  • The Fed’s CATASTROPHIC BAILOUT Of The Repo Market EXPOSED
  • Existence of Zionist Israel is antithetical to Judaism: Rabbi Weiss
  • 🔴 BREAKOUT ALERT! Silver is Blowing SKY HIGH! | Jordan Roy-Byrne
  • The Great Silver Escape! – LFTV Ep 231
  • Giza Pyramid Cover-Up: Massive City, Hidden Water Tunnels and Ancient Tech Beneath the Pyramids!
  • Game Changer: North Korea Will Fight Alongside Iran! Geopolitical Trends!!
  • Why Iran’s Next Move Could Shock the World!
  • Confirmed: Iran Missile SUCCESSFULLY Bombed Biggest U.S. Air Base; Pentagon’s Big Admission | Qatar
  • Jim Rickards: Why Tariffs Work and the Lie They’ve Told for 50 Years
  • Michael Oliver – Silver Has a New Unstoppable Momentum
  • Gold, Dollar & Copper Pivot: Central Banks Hoard Bullion, Miners Chase Copper | Frank Giustra
  • ‘No Escape’ From Debt Collapse – ‘We’re in the End Game’: Alasdair Macleod

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • 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
June 2016
M T W T F S S
« May   Jul »
 12345
6789101112
13141516171819
20212223242526
27282930  
© 2025 Socio-Economics History Blog | WordPress Theme by Superbthemes