The German government likes to pile on criticism of every other EU nation so this could get interesting. A dose of reality just may bring the German government back to reality. Their arrogance has been annoying and not very constructive. What is the most shocking about the ongoing crisis in Europe is that the euro has mostly stayed high against the dollar. It shows you just how bad things are in the US with the money printing by the Fed and the ongoing expenses of the war machine. CNBC:
The results of the banking stress tests, due on Friday after the close of European markets, will be worst for German and Spanish banks, analyst Ralph Silva of SRN told CNBC Friday.
“The German banks are going to suffer the most because they’re not in a great place right now,” he said.
“There are just too many banks in Spain, and the big banks are doing fine, but the smaller ones are fighting for market share,” Silva added.
