A big reason why there is no resolve to the Eurocrisis: German (and Dutch and French) banks need time

From Pieria. The issue of German banks and their involvement in the credit bubbles of Spain etc. has been well documented, but this piece takes a closer look of what and how.

So if the last sentence of the piece is

‘the political willingness in Brussels (and Berlin and Frankfurt) to cure the crisis is non-existent, and the views range from desire to keep starving the ill countries, to complete disregard for their fate.’

does that mean the eurocrisis will remain unresolved until German (and French and Dutch) banks are out of trouble? If there is only minimal accommodation at best to resolve the crisis this is a very depressing thought.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s