Saturday, July 16, 2011

Euro Banks

BBC News: Reports that out of 90 European Banks, eight have failed a recent stress test. This blog has a problem with these bank stress tests, they didn’t take in account the great possibility that Greece will go in to default, and that Greece will be followed by Ireland and Portugal. Thus advice to investors buy gold and diamonds, another shoe is going to drop when it comes to European banks, and the cost to Europe could be the destruction of the Euro.

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