Darkelf99 Brussels will probably have to rewrite the Rule Book regarding State participation in the EU Banking Sector. The scale and magnitude of the crisis effecting the German and Italian Banking system is that serious they will have no other option but to do so.
However like you say there will be massive dilution for shareholders of those Banks involved, and could be quite severe haircuts for the creditors.
has been and still is, risk adverse, since the 1920's era. (hyperinflation). So I doubt these huge DB debt levels exist that the media imply. DB have indeed part or fully funded the bail outs of the profligate Greek governments. But have seized many Greek assets as collateral in the process. While many Greek Government institutions/assets under the 3rd bail out conditions will be privatised. Guess who gets the proceeds.....
Much like the VW scandal where accordingly to many OTT reports VW would collapse. They never did and never will IMO.
Anyway unwise to gleefully hope that German banks or the Eurozone collapses anytime soon. As the UK, it's banks and our investments will face a massive fallout. While the UK contributes large funds to the IMF & the World bank. IMO Buy GOLD if anybody really believes the worst will happen. GLA Cheers
DUE BANK must be saved and will be. Guys Merkel helps out other nations and not its own banjs thus will be a bigger hit for Merkel. What ever she does will be unpopular but not as unpopular as letting her biggest bank collapse.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.