
ECB Acknowledges European Banks Are Not Doing Well
Do not believe anyone telling you the European banking sector is healthy. None other than the European central bank, the ECB, is aware of the problem, having just confessed to it.
Read articleDo not believe anyone telling you the European banking sector is healthy. None other than the European central bank, the ECB, is aware of the problem, having just confessed to it.
Read articleThe media outlets didn’t go with this news, probably fearing some fake news or another conspiracy theory, while examining the sources in my articles would have reassured them immediately. But did they bother?
Read articleMy last article on the end of sanctuarization of the Banque de France’s gold grabbed a lot of attention. However, this news hasn’t made it to the main stream media. So let’s get back to this important issue.
Read articleBanque de France’s gold must not be used as collateral for financial operations. It is important to revise this scandalous decision.
Read articleMario Draghi, head of the European Central Bank, must be thinking that one can’t get anything for 2.6 trillion euro, nowadays! This astounding amount is the ECB’s QE or, in other words, all the bonds it has bought since March 2015 – with a printing press.
Read articleThe German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.
Read articleThe revolt of the “Gilets jaunes” (Yellow Vests) is not only about the recent taxes on fuel – it has been brewing for quite some time. It has been caused by a steady decline in purchasing power, which has progressively strangled low-income workers.
Read articleThose who own gold are doing better than just preserving their purchasing power – they increase it in a significant manner. Gold plays its role of protecting against inflation perfectly.
Read articleStock markets in Europe and the United States are markedly turning south, although they’re not headed for a crash, at least for the moment. Is this the beginning of a long journey to Hell or just a temporary bump?
Read articleIn a recently published article, Nouriel Roubini, one of the most trusted economists on the planet, predicts: “By 2020, the conditions will be ripe for a financial crisis, followed by a global recession.” He states ten reasons for his prediction.
Read articleDrug money laundering saved the banking system from defaulting during the 2008 crisis. Is this an exaggerated statement?
Read articleThe end of Greece’s “guardianship” by Brussels, the ECB and the IMF on Monday, August 20, was touted as a victory by the media. If we are to judge by their headlines, the Greek crisis is over. Should we then believe everything is going better?
Read articleWhat constituted, up to now, worries in Italy, Spain, Portugal and, of course, Greece, risks happening in France as well. Bad loans, or non-performing loans, along with the risks they entail for the banking system, constitute a new danger that has to be seriously taken into account.
Read articleFrance will not publish a list of countries holding its public debt, contrary to the United States, for example. But we have nevertheless found, in exclusivity, some data.
Read articleOn the question of immigration, we are witnessing more and more divide within the European Union. One cannot keep, while witnessing all this confusion and frustration, from imagining what it would be like in case of a banking and financial crisis.
Read articleBanking mergers are absolutely not the answer to the banking problems today – in fact, they would constitute a dangerous leap forward.
Read articleRecords that were reached in the last sovereign debt crisis are being shattered... savers are right to be worried – not only Italians, but all Europeans...
Read articleThe whole of French wealth owned by individuals totalled 5.233 Trillion euro at the third quarter of 2017, up 8.5% year-to-year. This is the equivalent of 178,200 euro of gross financial wealth per household. It means that French households were 15% richer than their German counterparts (107,700...
Read articleAs stated by La Tribune, “Emmanuel Macron wishes the implementation of the European Banking Union – a system for joint management of bank failures – to be finalised as soon as possible in order to draw lessons from the Euro zone’s debt crisis.” Well, alright, but why is it so urgent? Is the Frenc...
Read articleMany banks are ailing in Europe, notably in Italy, Greece and Spain, but Deutsche Bank, sitting at the core of Europe’s largest and most competitive economy, is like an atomic bomb that could spark a worldwide financial crisis, just like Lehman Brothers did in the past. Even Mario Draghi, ordinar...
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