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The world economy cracks are turning into black holes

IMG Auteur

Egon von Greyerz

Matterhorn Asset Management

Published : July 11th, 2014

131 words - Reading time : less than a minute

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FOLLOW : Austria Debt Erste France Greece Hungary Italy Portugal Romania Spain Swiss

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Category : Opinions and Analysis


	King World News weekly – July 10, 2014 About Banks, Hungary, Portugal, Draghi, Fatca Greyerz: “Eric, the cracks in the world and the world economy are getting greater by the day, and we are soon entering a stage where these cracks will turn into black holes. One of Portugal’s largest banks is now under real financial pressure. And in Austria, the Hypo Alpe Bank is finished. Erste Bank is also under pressure due to major losses on mortgage loans in Swiss francs to Hungary and Romania. We’ve been discussing for a while how the European banks are not reflecting their true bad debt situation, and this is not just in countries like Spain, Italy, Portugal, and Greece, but also in France….. Click here to read the written interview Egon von Greyerz

Source : goldswitzerland.com

Data and Statistics for these countries : Austria | France | Greece | Hungary | Italy | Portugal | Romania | Spain | All

Gold and Silver Prices for these countries : Austria | France | Greece | Hungary | Italy | Portugal | Romania | Spain | All

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IMG Auteur

Egon von Greyerz 13 abonnés

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Egon von Greyerz is the managing director of Matterhorn Asset Management AG based in Zurich Switzerland. He specialises in wealth preservation with the special emphasis on physical gold stored in Zurich outside the banking system.

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