8 Go-To Resources About Vasilis Kikilias Balatsinou

There is an underlying Greek banking crisis which nevertheless the Greek political and economic leaders decline to confess. They are attempting to avoid developing panic and hope (against hope) that it can be conquered. They are misguidedly thinking that if the European crisis subsides, so their issues will too. Absolutely nothing might be more incorrect.

After my discoveries became recognized, more and more skeptics in the monetary neighborhood are seeing the truths and are beginning to speak honestly about the Greek banking problems. They understand that these require immediate treatment prior to the damage triggered by a sharp escalation will end up being irreparable. What the devious political leaders attempt to hide is the significant method the stock exchange (the banking sector) has collapsed with banking shares suffering an extraordinary crash. It is a reality that throughout the last 12 months the loss of Greek banks ranged from 14% to 70%; with a total revealing eleven of them are more than 40%.

The Greek banking market has actually been in 'meltdown' because November 2009 onwards and the Greek government has totally stopped working to stop this process while refusing to understand what the Greek banking crisis is, and the genuine factors behind it. This is absolutely nothing less than a secret banking crisis in truth. Do you require further evidence? All you need to do is look at the control panel of the Athens stock Exchange to understand that worldwide financiers have actually offered out the Greek banking shares.

The most crucial fact of all, nevertheless, is that Europe has actually not understood it faces as an entire, an extreme banking crisis, which increases systemic risk and the Greek banking sector which, even if they were totally healthy - which it is not - faces a major systemic infection danger. When the worldwide banking crisis broke in 2007, the then Greek federal government made sure to tension that Greece did not deal with any danger as the Greek banks were not exposed to toxic financial investment products. At the same time the opposition, had then hastened to confirm this logic with the outcome either of the 2 major celebrations not to discuss the requirement to secure the Greek banks from possible contamination, which was more than certain. What a timeless error of denial!

What is ignored is that financial investment items are not 'born' however become harmful when situations change for the worse and that the routes of worldwide capital quickly move an issue from one continent to another. The failure of the Greece, and her mounting problems (seen in their true light) and the connection with European and international financial and financial environment has actually currently cost Greece, the EU and the world, the worst debt crisis and the inmost economic crisis in modern economic history.

For that reason, and as a major βασίλης κικίλιας παιδια warning, If not taken on urgently introducing a sensible response to rapidly and in the first concern in the international media, the degrading circumstance in the Greek banking industry will be difficult to hide. The problem of the Greek residents and the panic that everyone wants to disappear will be extremely difficult to prevent with disastrous consequences for the state as a whole.

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