European Credit Crisis
Episode 49 of the Hard Asset Money Show podcast, hosted by Christian Briggs, titled "European Credit Crisis" was published on June 10, 2022 and runs 38 minutes.
June 10, 2022 ·38m · Hard Asset Money Show
Summary
In the summer of 2007, Greece started to have massive cracks in its credit, and there were systematic runs on the banks. Italy became the second country to have credit defaults. Now, we are seeing similarities. The ECB, or the European Central Bank, which is the Federal Reserve of the European Union of 13 countries, has a crisis on its hands, as the 10 year bond rates in Europe widened relative to the German bonds. The president of the ECB is already being asked to bail out the banks in Greece and Italy. - (844) 426-4653 www.bmcham.com
Episode Description
In the summer of 2007, Greece started to have massive cracks in its credit, and there were systematic runs on the banks. Italy became the second country to have credit defaults. Now, we are seeing similarities. The ECB, or the European Central Bank, which is the Federal Reserve of the European Union of 13 countries, has a crisis on its hands, as the 10 year bond rates in Europe widened relative to the German bonds. The president of the ECB is already being asked to bail out the banks in Greece and Italy.
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(844) 426-4653
www.bmcham.com
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