Italy and Greece Demand Deposits Collapse; Run on Greek Bank 

Thus, the world has major funding gap -- the cash-flow need flowing into EU bonds is 400-500 billion EUR. The petty cash from China, Russia, and EMG will be 10-25 billion EUR each, far less than needed. A bigger issue is how do you buy EU debt? Which paper, who is guaranteeing it? What is the E... More

Thus, the world has major funding gap -- the cash-flow need flowing into EU bonds is 400-500 billion EUR. The petty cash from China, Russia, and EMG will be 10-25 billion EUR each, far less than needed. A bigger issue is how do you buy EU debt? Which paper, who is guaranteeing it? What is the EFSF capital structure? This is what you get when you continue to produce plan-for-plans. The Grand Plan has no specifics, and it certainly did not create a fire-wall for Italy. Italy and Greece Demand Deposits Collapse But as concerning as higher yield is.... Looking at the deposit base in Italian banks vs. Greek banks.... You could seriously get concerned (Red line: Italy -- Blue line: Greece) more http://globaleconomicanalysis.
blogspot.com/2011/11/world-has-major-funding-
gap-imf-begs.html http://www.rumormillnews.com/c
gi-bin/forum.cgi?read=221435 Less

larrabeeg

Added Nov 12, 2011  

Channel Tech

Duration 2:38   |   views 221

VIP Comments 0

Recent Comments 1

Rating:

Tags italy  greece  deposots  eu  debt  euro  china  russia  trillion 

Permalink: