Friday, August 10, 2012
Max Keiser : European big banks technically insolvent
France, back in a recession for the 2nd time in 3 years. Italy's economy contracting point seven percent in the last quarter:
And for the powerhouse, Germany: its Industrial, construction and manufacturing all slumped for June: The euro- zone debt crisis continues to threaten the survival of the 17-nation currency bloc, affecting non-Eurozone members, like the UK, where the Bank of England said it did not expect the UK to grow out of a recession. But the more alarming picture: the lack of growth, whether its for each country, developing countries, or the global economy as a whole.
Neal Vanderstelt - Currency AnalystPlease rate & recommend: