Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There is lots of talk about Scandinavian banks buying the Icelandic banks (and remember Nordea has quite large state ownership... makes for a "hidden" bailout) - that is, if the Scandinavian banks don't fail first. ;)

Seriously though, the Scandinavian banks do not really seem to have insolvency issues, just liquidity issues.

But I might just have to regret what I just said.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Oct 6th, 2008 at 11:24:17 AM EST
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The big Scandinavian banks don't appear to have solvency issues. The little local ones... Well, they're at four bankruptcies and counting in Denmark alone.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 6th, 2008 at 04:44:04 PM EST
[ Parent ]


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