Banks drawn in the Euro storm
Banks in Portugal, Spain, Italy, Ireland and Great Britain are threatened by the European problems.
Excessive loaning has made European banks vulnerable to the financial instability that has taken control over Europe, state the experts of the evaluation agency Moody’s.
The fiscal problems of the European Union are a threat to the financial system in states like Portugal, Spain,Italy or Great Britain, as contamination risks is spreading, Bloomberg transmits.
A key factor in determining if contamination risks are maintained will be the reaction of the market on the success or failure of the strategic support package EU-IMF recently agreed upon for Greece.
In Spain, Ireland and Great Britain, financial systems have been affected by issues reflected inside such as excessive loaning.
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Posted by BenjaminDourden on May 7 2010 Filed under Economy. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
