Deborah (19
May 2012)
"Banking
Crisis In Europe Has Just Gone From Bad To Worse"
18 Signs
That The Banking Crisis In Europe Has Just
Gone From Bad To Worse: With each
passing day, the banking crisis in Europe
escalates. European banks are having their
credit ratings downgraded in waves, bond
yields are soaring and billions of euros are
being pulled out of banks all across the
eurozone. The situation in Europe is rapidly
going from bad to worse. It is almost like
watching air being let out of a balloon. The key
to any financial system is confidence, and right
now confidence in banks in Greece, Italy, Spain
and Portugal is declining at an alarming rate.
When things hit the fan in Europe, it is going
to be much safer to have your money in Swiss
banks or German banks than in Greek banks,
Spanish banks or Italian banks. Millions of
people in Europe are starting to realize that a
"euro" is not necessarily always going to be a
"euro" and they are starting to panic. more