EuroBanks – Have You Seen The Carnage?
August 10, 2011 at 12:09 PM EDT
European banks are in bad shape – and this is being VERY kind. With all of the problems that the sovereign nations are facing, the stress on the banks has been increased. Austerity is by far not a good solution for the banking industry. A sovereign default is definitely not beneficial. Cuts to credit ratings [...]