18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To WorseSubmitted by Ian56 on Sat, 05/19/2012 - 07:10
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
Loads more credit downgrades to come.
This will cross the pond.
This debt crisis is 7 to 25 times larger than the housing bubble bursting in 2008.
Romney wants to bail the banks out with taxpayer dollars.