Please rate:

'European big banks are technically insolvent' [News Analysis © PressTV]

  • Knewtube
  • uploaded: Aug 9, 2012
  • Hits: 822


Max Keiser, Sean O'Grady and Paul Craig Roberts

France, back in a recession for the 2nd time in 3 years. Italy's economy contracting point seven percent in the last quarter: And for the powerhouse, Germany: its Industrial, construction and manufacturing all slumped for June: The euro- zone debt crisis continues to threaten the survival of the 17-nation currency bloc, affecting non-Eurozone members, like the UK, where the Bank of England said it did not expect the UK to grow out of a recession. But the more alarming picture: the lack of growth, whether its for each country, developing countries, or the global economy as a whole.

Previous Media Next Media
Show more Show less


No comments yet.

Visit on Facebook