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

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Your welcome to be apart of Anesis Club (Private) after at least becoming a FREE Rookie in my Network at this link https://www.onelife.eu/signup/nenosplace

Neno

I can be reached by phone or text 7am-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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


ECB Brings European Banks to the Brink of Disaster

Share

Lobo
Moderator
Moderator

Posts : 19773
Thanked : 946
Join date : 2013-01-12

ECB Brings European Banks to the Brink of Disaster

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

Posted Jul 27, 2016 by Martin Armstrong

The 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 Sat 21 Jan 2017, 9:35 pm