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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    ECB Brings European Banks to the Brink of Disaster

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    ECB Brings European Banks to the Brink of Disaster Empty ECB Brings European Banks to the Brink of Disaster

    Post by Lobo Wed 27 Jul 2016, 7:29 pm

    Posted Jul 27, 2016 by Martin Armstrong
    ECB Brings European Banks to the Brink of Disaster ECB-European-Central-Bank-1024x706
    ECB Brings European Banks to the Brink of Disaster ECB-HUNGARY-PORTUGALThe European banking crisis is spreading rapidly. There are now concerns in Italy and in Portugal as well. The ECB cannot even understand why people would not want to keep their money in banks with negative rates. They are simply incapable of managing the economy. The ECB is bringing Europe to the brink of a widespread banking collapse. Once this crisis becomes a contagion, there will be no stopping it.
    Low rates will NOT encourage borrowing when banks have too much bad debt to begin with. The negative rates are sending savers to hoard cash outside of banks. It is amazing, but the ECB is in complete denial and unable to see that it must reverse its policy to prevent disaster.
    https://www.armstrongeconomics.com/international-news/europes-current-economy/ecb-bring-european-banks-to-the-brink-of-disaster/

      Current date/time is Thu 28 Mar 2024, 9:13 am