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No clean bill of health for EU banks in stress test
Reuters ^ | Fri Jul 29, 2016 6:03pm EDT | Huw Jones and Andrew MacAskill

Posted on 07/30/2016 10:54:11 AM PDT by Olog-hai

Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region’s banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc’s economy.

Eight years since the collapse of Lehman Brothers sparked a global banking meltdown, many of Europe’s banks are still saddled with billions of euros in poorly performing loans, crimping their ability to lend and putting off investors.

“While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority — that Europe’s banks are resilient to another crisis — is heartening,” Anthony Kruizinga at PwC said. …

(Excerpt) Read more at ca.reuters.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: banking; eurobanking; europe; eussr; finance; socialmarketeconomy; stresstest

1 posted on 07/30/2016 10:54:11 AM PDT by Olog-hai
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To: Olog-hai

Only the globalist will have money. That is the plan.


2 posted on 07/30/2016 10:57:15 AM PDT by ColdOne (poochie... Tasha 2000~3/14/11~First woman nominated to be Prez, Valerie Jarrett, not Hillary.)
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To: ColdOne

Only the globalist will have money. That is the plan.


That’s right. And the Clinton’s don’t have millions of dollars stashed away, but billions of dollars stashed away.


3 posted on 07/30/2016 11:01:35 AM PDT by laplata ( Speaking The Truth Is Now Considered 'Hate Speech')
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To: ColdOne

The EU has been looking at having a “cashless society” for some time now. Their latest stab at it seems to be the Blockchain technology. All the easier to determine who may buy or sell, under the pretext of preventing terrorism.


4 posted on 07/30/2016 11:05:40 AM PDT by Olog-hai
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To: Olog-hai

The EU is a radical socialist “organization” that is TOTALLY GLOBALIST. They are their own worst enemy, as they have proven. They dug their hole — make them stand in it and don’t let the globalists list Soros and Obama, et al, drag us into it any more.


5 posted on 07/30/2016 11:10:01 AM PDT by EagleUSA
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To: Olog-hai

Another reason Brexit was a good move.


6 posted on 07/30/2016 11:16:17 AM PDT by MHT (,`)
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To: Olog-hai

Japan is going cashless soon. That is the plan.


7 posted on 07/30/2016 11:40:42 AM PDT by ColdOne (poochie... Tasha 2000~3/14/11~First woman nominated to be Prez, Valerie Jarrett, not Hillary.)
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To: ColdOne

Seems like everything achieved in WWII is becoming completely reversed, especially when one ties that in to the ascendancy of the State Shinto revanchists (Abe Shinzo is one) who also want to get rid of Article 9 in Japan’s constitution.


8 posted on 07/30/2016 11:43:17 AM PDT by Olog-hai
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To: Olog-hai

Article 9?


9 posted on 07/30/2016 12:13:41 PM PDT by ColdOne (poochie... Tasha 2000~3/14/11~First woman nominated to be Prez, Valerie Jarrett, not Hillary.)
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