Eurozone leaders hoping for a quiet few weeks will be sorely disappointed.
Short-selling bans on banking and insurance stocks by financial authorities in
Rome and Madrid are a sure sign that all is not well, although I fear that these
restrictions will only offer the most temporary of respites. After the summit in
June that provided a brief burst of euphoria, there were mutterings that the
crisis was not over, and the pessimists have now been proved right..... after a
particularly grim day, European markets have closed and its time to rake over
the pieces.....Growing fears that Spain could need a bailout, worries about
whether Greece will get more money or will instead quit the eurozone, and a drop
in EU confidence have conspired to sent shares and the euro sharply lower and
bond yields higher. News of a ban on short selling in Italy and Spain - whether
misguided or not - seemed to help haul markets slightly back from the brink. We
may rapidly be approaching a decisive moment for the eurozone; previous bailouts
were of smaller countries that were of manageable size. Spain is a different
order of magnitude entirely, and it may not be possible to rescue this economy
in the same way that Greece, Ireland and Portugal were bailed out. Eurozone
leaders will likely hold yet another summit, but they will need more than fine
words if they are to truly save the single currency.
Access Investments-Building Awareness - European Union-ROMANIA
Thursday, July 26, 2012
Eurozone leaders hoping for a quiet few weeks will be sorely disappointed.
Short-selling bans on banking and insurance stocks by financial authorities in
Rome and Madrid are a sure sign that all is not well, although I fear that these
restrictions will only offer the most temporary of respites. After the summit in
June that provided a brief burst of euphoria, there were mutterings that the
crisis was not over, and the pessimists have now been proved right..... after a
particularly grim day, European markets have closed and its time to rake over
the pieces.....Growing fears that Spain could need a bailout, worries about
whether Greece will get more money or will instead quit the eurozone, and a drop
in EU confidence have conspired to sent shares and the euro sharply lower and
bond yields higher. News of a ban on short selling in Italy and Spain - whether
misguided or not - seemed to help haul markets slightly back from the brink. We
may rapidly be approaching a decisive moment for the eurozone; previous bailouts
were of smaller countries that were of manageable size. Spain is a different
order of magnitude entirely, and it may not be possible to rescue this economy
in the same way that Greece, Ireland and Portugal were bailed out. Eurozone
leaders will likely hold yet another summit, but they will need more than fine
words if they are to truly save the single currency.
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Europa e formată din trei familii de popoare: familia popoarelor germane, a celor latine şi familia popoarelor slave. Părerea mea e că dominantă e latina şi spiritul european nu e nici slav, nici german, ci latin. Latinitatea e dominanta europeană.
Deutsche Bank shares fell more than 4% on Wednesday following a profit warning and amid fears it may have to raise more capital to strengthen its balance sheet.
It expects net profit of 700m euros (£548m) for the second quarter, down from 1.2bn euros for the same period last year.
That forecast is about 400m euros below analyst expectations.
Net revenues would fall to about 8bn euros, down from 8.5bn euros, it said.
Non-interest expenses rose from 6.3bn euros to 6.6bn euros due to a weakening euro.
The bank's shares have fallen 40% over the last year reflecting weakening investment bank revenues and fears that it will be impacted by the eurozone debt crisis.
The bank issued the statement in advance of its official second quarter results, due to be published on 31 July.
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