We have successfully transformed credit risk into solvency risk
Yesterday was the day for national action plans to save the financial sector. We are presenting the pertinent facts about the main European plans. The FT has calculated that European governments (including non euro area) have made available a total of €1873bn – which is roughly the entire annual GDP of France! – to save the banking sector. Our guess is that we may soon have a discussion about national solvency. Some commentators have already pointed ... Full Story »
Posted by Peter Barnett
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