Tag: alternative

January 20, 2014 0

French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update

By News Desk

French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update At the risk of incurring another nonsensical fine for quoting someone on leverage and capital ratios of French banks, please consider European Banks Face $1 Trillion Gap Before Review . European banks have a capital shortfall of as much as 767 billion euros ($1 trillion) before the European Central Bank’s probe into the financial health of the region’s lenders, according to a study. French banks show the biggest gap of 285 billion euros, followed by German lenders with as much as 199 billion euros, Sascha Steffen of the European School of Management and Technology in Berlin and Viral Acharya at New York University said in their study dated Jan.

January 18, 2014 0

Greece Will Default in May Without Another Bailout or Change in Terms

By News Desk

Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.

January 18, 2014 0

Delinquencies and Defaults in Spain Hit 13%, a 50-Year Record

By News Desk

Via translation from La Vanguardia, please consider Bank Defaults Hit Record 13% in November . Delinquency ratio of banks, savings banks, cooperatives and credit institutions operating in Spain rose again in November to 13.08%, a level not seen since the data began to be collected, over 50 years

January 17, 2014 0

Obama’s Message On NSA Translated

By News Desk

Earlier today, President Obama gave a long-awaited and long-winded speech on the NSA. The Washington Post has the transcript . Here are my thoughts: Obama says we need more "balance" between security and liberty.