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The IMF warns of a EU credit crunch, expecting the region's banks to shed €2.6T in assets...

The IMF warns of a EU credit crunch, expecting the region's banks to shed €2.6T in assets by 2013's end. This could reduce the area's credit supply by 4.4% and cause a hit to GDP of 1.4%. (Global Financial Stability Report) A press conference discussing the release here.
Comments (5)
  • Isn't this the same group of people that just RAISED the GDP estimates?

     

    Does anyone take seriously anything these people say.
    18 Apr 2012, 09:34 AM Reply Like
  • They have to pay off the LTRO.....not going to happen....and yes the same people that want another 500 billion of your money
    18 Apr 2012, 09:43 AM Reply Like
  • IMF? you mean EMF, all their loans are in the EU now and losing money, no wonder why BRICS are creating its own bank. Besides that IMF is a french bank!
    18 Apr 2012, 11:20 AM Reply Like
  • Near time for another swap from the Fed.
    18 Apr 2012, 01:45 PM Reply Like
  • We already swapped them 700 Billion, Hard to believe we are being prepped to give even more, where does it end...

     

    PHD: The IMF is not a French entity, I consider the IMF "Bankers Without Borders". The IMF is the multinational arm of the US federal reserve as well as the other central Banks.
    18 Apr 2012, 06:57 PM Reply Like
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