Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
The overnight press is again continuing to ring alarm bells. Der Spiegel claims that the EU banking watchdog is concerned over the financial health of the EU banking system. Meanwhile the FT is reporting that EZ authorities are questioning the IMF"s draft version of their Global Financial Stability Report"s claim, that if sovereign bonds were priced at current market values, then European banks" capital base would be reduced by about EUR 200BN. The FT also reports that bank"s cross shareholdings in other banks would increase this figure sharply..
2nd short target done.. next target 4300..