I thought we got this under control a couple of years ago: Sounding a stark warning to stronger European countries such as Britain and Germany, the new IMF chief (Christine Lagarde) said: “We could easily see the further spread of economic weakness to core countries, or even a debilitating liquidity crisis.” To reduce these risks, […]
Posts Tagged ‘european banks’
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A Couple Of Interesting Thoughts
Posted by Tom Lindmark on March 18th, 2011
Here are a couple of the more interesting ideas I’ve run across in the past couple of days. Though you are probably like me, bored to death with blog posts on income inequality, Scott Winship has come up with an interesting theory. He postulates that the much lamented increase in inequality in the US might […]
European Banks Face Second Stress Wave
Posted by Tom Lindmark on April 23rd, 2009
One of the Sultans of Doom, Ambrose Evans-Pritchard actually has something positive to say about U.S. banks today. Mind you, it comes via a comparison with the sad plight of European banks, but, hey, we’ll take small positives anywhere we find them. In the Telegraph.co.uk he points out that the European banks like the American […]
Europeans Are Happy To Take AIG’s Money
Posted by Tom Lindmark on March 16th, 2009
No surprise here. The Europeans aren’t extending any sympathy to the U.S. taxpayer for the money their banks collected from AIG. The Telegraph.co.uk lobbed this little bomblet our way: Some in Washington are already singing the predictable tune: US taxpayers’ money was used to bail out European banks. But the decision to bail out AIG […]
Another European Bank Problem
Posted by Tom Lindmark on March 5th, 2009
I guess this is one of those good news/bad news stories. The Telegraph reported yesterday that European banks have built up a $2 trillion funding gap. The banks were basically borrowing in their local currencies to finance the acquisition of dollar assets. They have been able to cover their positions by buying dollars short term […]
