Telegraph Live: Reports European Banks are stashing their extra money at the European Central Bank and not lending to other Banks. As noted a mystery bank had to loan five hundred million dollars from the ECB due to the fact it could not raise the loan from other markets. It can be argued with some justification that a French Bank or Banks are in trouble. But also Italy is in the frame folks. One would not be surprised to see either French or Italian Government have to bailout out their banks due to these banks holding vast Greek debt. Also at what point will the ECB stop buying Italian and Spain bonds, if you print to much money you end up back in Weimar Germany. The political and economic general opinion is that that the US and the EU is going through another 1930s recession/depression, lets hope it’s not true folks, it took World War Two to end the Great Depression.
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