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"This is turning into a disaster for the EU periphery," says RBS' Andrew Roberts, who notes...

"This is turning into a disaster for the EU periphery," says RBS' Andrew Roberts, who notes Spanish and Italian banks are "deeply underwater" on their LTRO-enabled purchases of sovereign debt. "What the LTRO has done is concentrate systemic risk even further," argues Guy Mandy from Nomura. "If everything goes wrong, it could go wrong in a hurry."
Comments (4)
  • WMARKW
    , contributor
    Comments (10700) | Send Message
     
    Is this another example of the best and brightest thinking they can trick the real rules of the economic world? Once again....you just can't make this stuff up. If you wrote a screen play about this and tried to sell it, no one would believe it.
    12 Apr 2012, 05:48 PM Reply Like
  • zabz777
    , contributor
    Comments (91) | Send Message
     
    What's even more incredulous is why isn't anybody talking about it? The pieces aren't very hard to put together, and the possible consequences are potentially catastrophic........not to oversimplify but you have the proverbial house of cards here.
    12 Apr 2012, 11:54 PM Reply Like
  • zabz777
    , contributor
    Comments (91) | Send Message
     
    All tyranny needs to gain a foothold is for people of good conscience to remain silent.
    Thomas Jefferson
    12 Apr 2012, 11:54 PM Reply Like
  • willnien62
    , contributor
    Comment (1) | Send Message
     
    How many more of these massive hits can the Euro Zone take before the bottom really collapses, forcing the Germans, the Dutch, the Finnish, and other fiscally responsible members to make decisions that have been inevitable for some time now?
    13 Apr 2012, 09:12 AM Reply Like
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