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European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

It is the highest such volume since the $122.4bn seen in 2008 according to Dealogic, the data provider. Details show the alleged rainy-day fund is a pathetic €12.5bn of joint funds not available until 2020, even though 128 banks covered in the agreement have an aggregate balance sheet somewhere between €26 trillion and €27 trillion.

Banking 71
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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

In 2020, for instance, about €12.5bn of joint funds would be available, which amounts to perhaps a €3bn German contribution. A big bank collapse would dwarf the available resources; some €473bn of capital has been pumped into EU banks since 2008. When only €12.5bn of joint funds would be available by 2020? This might be it.

Banking 73