Posted in Economics on June 18th, 2012 1 Comment »
…consider the grim fact that even €100 billion may not be enough to put Spain’s banks back on their feet, as they could easily face losses of perhaps three times that amount: Real-estate loans amount to €298 billion, construction credit to €98 billion, mortgages to €656 billion and other loans for families and firms to €683 billion. Assuming a 50% [...]
Posted in Economics on June 11th, 2012 7 Comments »
So after the rumor of bailout, the official denial and later the external pressure, Spain has finally requested for a bail out from Europe. The bailout is expected to be utilized, in turn, to bail out Spanish banks. The money will come from either the EFSF or the ESM, whichever is politically expedient. Even before [...]
Posted in Economics on December 23rd, 2011 No Comments »
I am in the opinion that the expected sovereign debt and banking crises in Europe have been postponed to the end of 2012 or early 2013. There are two reasons why I think so. The crisis in Europe is essentially two-fold. One is due to government debts. Two is the risk of default by European [...]
The name is Hafiz Noor Shams.
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