Sunday, December 18, 2011

>You Can Bank on it: European Banks Need Tons of Money

The global economy has been one victim of the recent crisis of European sovereign debt, but Europe's banking sector and the investors who have financed it will be the next. A great deal of pushing and shoving has forced European authorities to accept that there is a problem in their banking sector, Some are working hard to understand the problems and others see themselves as immune, though they probably are not; but all have been tempted to let political factors influence decisions that need to be based on sound economic and regulatory footings.

To read full report: EUROPEAN BANKS