“What is troubling and indeed significant for American policy makers, however, is the nearly complete failure of our friends in Europe to address their banking sector, either in terms of cleaning up bad assets or raising capital to enable the cleanup.”
Yeah, blame us.
America’s the strongest economy in the world until something goes wrong, then it’s all European’s fault.
…“Sadly the HNA equity investment in Deutsche Bank was financed with a lot of debt. When the Chinese firm started to literally implode two years ago due to massive debt payments on its $40 billion in obligations,
sign of strength, of course
I deploy information in a timely manner.
it began to sell its shares in Deutsche Bank, creating the latest crisis for the chronically underperforming bank. Today HNA is being liquidated under the supervision of the Chinese government. And to this day, nobody among United States or European bank regulators really knows who owns the company that was briefly the largest shareholder of Deutsche Bank The setback with HNA led to discussions of merging Deutsche Bank with Germany’s Commerbank, another poor performer among the country’s banking sector.
Commiebank, am I right?
Because two failures make a success!
Again, German politicians led by Chancellor Angela Merkel refuse to even hint at public assistance for Deutsche Bank, but the mounting troubles with banks across Europe may force Merkel’s hand as it has in Italy.”…
If only we’d voted to leave the EU and could hard exit at any time.
Good luck coming after us with that timing.
No bureaucracy …for a thing that doesn’t exist.
Irish Exit the UK from the EU.