Two banks in the euro area are in default of payment in dollars

Today Wednesday, September 14, two banks in the euro area are in default of payment in dollars: they ask $575 million, Click here to read...

Banks in the euro zone: no more bets!!

Many banks in the euro zone have a real leverage at 30 to 50! They cannot withstand the large current financial turmoil. August 18, a...

ECB: no more bets! More, more…

This Tender Operation-Announcement, Reference Number 11034 means that $5m were provided on morning August 25 from ECB to a German bank otherwise this bank was...

ECB: no more bets!

The situation is out of control in the euro zone, as I have been writing it for a while… The latest ECB press release ended...

French Gosbank: tsunami risk!

The four French Gosbanks have €5.645 trillion of liabilities. That is 2.8 times French GDP (€1.986 trillion). Table 1: Amounts in billion of euros. Their...