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 risk of further shocks emanating from the euro area debt crisis.” Moody’s said in a statement it was downgrading by one notch the long-term credit ratings of Commerzbank, DekaBank, DZ…
Tag Archive for German Banks
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Hey, Germany: You Got a Bailout, Too – Bloomberg
by Newswires • • 0 Comments
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. Would it surprise you to know that Europe’s taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-bank…
Latest Business Headlines
Hollande Defies German Crisis Handling on Euro Bonds, Banks – Bloomberg
by Lee Adler • • 0 Comments
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 and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that have…
Bears Chat, Best of the Forums
It’s over. European banks will shut their doors.
by Bears Chat at The Wall Street Examiner • • 0 Comments
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 …
Bears Chat, Best of the Forums
Who took a dump on Ireland ?
by a Wall Street Examiner • • 0 Comments
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…
