Anda belum login :: 23 Nov 2024 21:15 WIB
Home
|
Logon
Hidden
»
Administration
»
Collection Detail
Detail
The Eurozone Crisis Will Not Go Away Until the Banks Face Up to Reality
Oleh:
Bair, Sheila
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 164 no. 8 (Nov. 2011)
,
page 42.
Topik:
Global Economy
;
European Sovereign Debt
;
Financial Crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The European sovereign debt crisis is slowly driving the global economy back into the ditch. Why is this crisis so unresolvable? The answer comes back once again to excess risk taking and leverage in the banking sector. In late October, Europe's leaders finally persuaded the banks to take a 50% cut on the Greek debt they hold. But debt restructuring will get you only so far because Europe's banks do not have sufficient capital to absorb future losses, which the IMF estimates will be $280 billion or higher. And why are Europe's banks so thinly capitalized? That responsibility rests squarely with European banks and their regulators.
Opini Anda
Klik untuk menuliskan opini Anda tentang koleksi ini!
Kembali
Process time: 0.03125 second(s)