Bitcoin Forum
July 20, 2018, 05:51:45 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: EU Banks Ball-In  (Read 202 times)
Pab
Legendary
*
Offline Offline

Activity: 1428
Merit: 1003


View Profile
July 13, 2016, 02:14:03 PM
 #1

Italian banks are in big trouble.Thay are holding 385bln euro of unpaid toxic debts.Last EU regulation doesnt permit for ball-out,so new mechanism ball-in will be used to rescue banks.In that case first banks will have to sell his actives,than stake holders and bond holders will pay,if that will be not enough money will be taken from depositors with acounts over 100000 euro

How serious it is.Yesterday Italian giants Uni Credito sold 10% of his 50%+1 stock of his  daughter bank ,Polish  Pekao SA .Pekao SA is his most profitable bank from all Unicredito group
But from that transaction Unicredito get 365 mln euro only,thay need minimum 9bln euro

Similar transaction have been done in Italy,Spain and Greece,banks are selling his stocks in privet transaction to collect funds

There is big danger that banks will have to take money from depositors accounts like it was in Cyprus
Imagine run on banks in Italy

Next is that even German LandsBank needs about 600000 mln euro

Be carful with banks,becouse there is no money there








 
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532065905
Hero Member
*
Offline Offline

Posts: 1532065905

View Profile Personal Message (Offline)

Ignore
1532065905
Reply with quote  #2

1532065905
Report to moderator
Nascor
Full Member
***
Offline Offline

Activity: 201
Merit: 100


View Profile
October 03, 2017, 12:03:36 PM
 #2

banks are unlikely to go "down"

you might have heard the expression "too big to fail", it basically means that the government will do everything necessary (even paying taxpayers money) to prevent a bank from going down

because if it does, the consequences (financial one's) will be enormous and their political career over. These two things go hand in hand
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!