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S W
Member since May 2012
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Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause - Mark O'Byrne - gold.ie

Could not agree more..except that "assets in a bank".....not really assets.

Commented 2987 days ago

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Beginning of the headline :European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by German government advisers. In another attempt to shelter German tax payers from the largess and excess of fellow European neighbouring countries’ national banks, the move could trigger a run on billions of euro of sovereign debt of said banks. In an article penned by the Telegraph’s Ambrose-Evans Pritchard, one of the council’s... Read More

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