Tuesday, June 15, 2010

BIS reports Bank Exposure to Euro area countries facing market pressure

[mEDITate-OR:
spare yourselves some change....
If this chart, and it's conclusions, are correct.
most of U.S. will be spared.
However, French and German wines may, suddenly, become REAL bargains.

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It is the German and French banks that are most at risk.

Larger image at CR story site
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Monday, June 14, 2010
by CalculatedRisk on 6/14/2010 09:02:00 AM
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Europe's $1.6 trillion hangover
Possible sovereign debt defaults make for a big headache for European lenders.
Banks in France and Germany alone have nearly $1 trillion in exposure to the staggering economies of southern Europe, according to a report issued Monday by banking watchdogs
http://wallstreet.blogs.fortune.cnn.com/2010/06/14/europes-1-6-trillion-bank-hangover/
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