Article ZH très intéressant sur les raisons de la déroute du système bancaire en europe

The Chinese reaction is merely a symptom of a much deeper underlying ailment: the increasing lack of counterparty confidence across various funding markets, both traditional and shadow, which has continued to accelerate over the past week, a development summarized effectively by the latest report in the International Financing Review which uses some powerful words (of the type that European bureaucrats hate) to explain where Europe stands right now: "credit taps run dry for European lenders, setting scene for liquidity crisis." For those strapped for time the take home message is that: "with bond markets shut and investors unwilling to buy asset-backed securities, the repo market – for some banks the sole remaining source of private funding – has become the most recent tap to run dry, with some investment banks pulling credit lines worth tens of billions of euros in recent weeks." This is very disturbing as with liquidity windows shut, Europe's bank have no recourse on how to roll the €4.8 trillion in wholesale and interbank funding which expires in the next two years.

EDIT : So what is the conclusion:

“The financial wreckage at many of these banks is along the lines of World War Two,” added the global markets chief. “There is so much detritus. But a lot of them don’t want to sell at these current prices, they know there will be a capital hit if things are properly priced.”
Bottom line: 3 years after Lehman blew up we are in precisely the same position, only this time the culprits are European banks. This is to be expected as absolutely nothing has changed in that time period, and the end result, by implication, will be absolutely the same.

ghjghjghj

C'est gentil mais franchement, je préfère le texte en VO au charabia plus ou moins français de google translator.

Ah ben tu vois Floyd, y a des adeptes de la VO ! Personnellement je préfère poster la VO, libre aux moins bon in english de pratiquer le translator.

Oui parce que dans la traduction automatique, hate (détester) devient haine et du coup, on perd tout le sens.

Moi je la trouve très bien cette traduction. Elle a du style. Et pas mal imagée . Courir sec, pas mal du tout