Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Whether the local (national) zombie banks are killed by local (national) regulators or by EU regulators is de minimus from an economic POV.

I grant there is a emotional side of equal (?) weight going counter to the pure economic analysis.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon May 9th, 2011 at 05:01:33 PM EST
[ Parent ]
Well, yes, but there's a difference between having them killed by European regulators versus having their balance sheets blown wide open by the Americans while everyone in Europe is still sitting on their hands.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 10th, 2011 at 09:24:12 AM EST
[ Parent ]


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