Moody’s downgrades Commerzbank, other German banks (via AFP) Credit rating agency Moody’s on Wednesday lowered its ratings for six German banks pointing to “the increased…
Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences.…
French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing…
It’s Over. European banks will shut their doors.
Seriously.
There is persistent chatter about a Greek default over the weekend, which Greece denied, but the denier refused to be named. If it’s not true, then put your damned name on the statement or …
Who took a dump on Ireland – bankrupting her in the process – And making her people pay?
Bottom Line: Usual Suspects
“They are bankers’ losses. It is NOT a question of Irish or German. It is question of wealthy bankers from all countries not ju…