Jim Jubak, MSN Money
Financial markets are behaving as if they expect a European banking crisis that would require the bailout or nationalization of some European banks. That would feel like a replay of the financial crisis that followed the bankruptcy of Lehman Brothers in the fall of 2008. Only this time, the epicenter would be Europe instead of the United States, and the ripples would expand from the eurozone outward into global financial markets.How realistic is that fear? Very, I'm afraid. European banks are facing a very real liquidity and capital crisis that could lead to the need for a government...
No comments:
Post a Comment