Europe's banks in trouble? - Contractor UK Bulletin Board

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BrilloPad started a topic Europe's banks in trouble?

12 April 2012, 06:57
Europe's banks in trouble?

Europe's banks beached as ECB stimulus runs dry - Telegraph

So Europe's banks have done the carry trade - used LTRO cheap money to buy PIIGS bonds. And now they are facing capital losses - never mind what happens when there will be a haircut on these bonds.

They will need more LTRO money to buy the bonds to make things better - basically its a ponzi scheme.
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