Posted on 06/13/2016 1:27:31 PM PDT by Lorianne
Smaller banks often deposit funds in bigger banks. The level of banks’ deposits at other banks is a reflection of their confidence in the system as a whole. The ECB measures and is kind enough to share with us the level of bank deposits in other banks in Europe, breaking the data down by country and the Eurozone as a whole.
Banks have been pulling their money out of other banks in Europe like rats deserting a sinking ship since 2012. Even the advent of QE in 2014 only slowed the stampede. European banks are still gettin’ out of Dodge.
Hmmm, I wonder if this could have anything to do with Germany bringing in millions on destitute, skill less, and criminal Muslim refugees/invaders who will be nothing but a continuing drain on the German economy for the foreseeable future?
The lion’s share of Bush’s too-big-to-fail $0.7 trillion bank bailout in his last days went to shore up European (mainly German) banks. Ancient history, I know.
Negative interest rates are a more likely culprit.
So Germans are soon to be paid in wheelbarrows of near worthless paper again? How soon till we are next? Britain will be lucky if it can exit EU without civil war.
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