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has posted a comment on the article :
ECB Stress Test Results Show Banks Struggling
- Philippe Herlin -
GoldBroker
Excellent catch. Thanks.
Consider the question from between these lines:
"European banks hold 880 billion euros worth of bad or doubtful loans (e.g. at least 90 days late for payment), and this number represents 4% of their balance sheets. "
4% is 1/25th
880 billion X 25 = 22,000 billion euros
Gotta subtract the reserves ~ 4% or 880 billion for 21,120 billion euros.
Consider this:(e.g. at least 90 days late for payment)
What about those loans that are 45, 60 or 85 days late?
Commented
3458 days ago
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Beginning of the headline :
Last Sunday, the European Central Bank announced its verdict on the stress tests it has been conducting for several months and, this time around, quite a few banks have failed them. The preceding stress tests in 2009 and 2011 had seriously diminished the ECB’s credibility by not detecting anything at all (even though Irish banks had passed the tests, they went bankrupt a few months later, and so did Dexia). This time, 25 banks failed, on a total of 130 being tested, and I would submit that this ...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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