Category Archives: politics

America puts dying European banks on live support

For a brief moment this week it seemed as though the French bank Crédit Agricole would collapse because of lack of liquidity. Such an event had been a long time coming because European banks are having increasing difficulties in rolling … Continue reading

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IMF warns of a new banking crisis in Europe!

Just when financial markets calmed down a bit, the new boss of the International Monetary Fund, Christine Lagarde, came with an almost dramatic appeal to urgently recapitalize banks. She even went as far to advise banks, which are unable to … Continue reading

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