Comments on: Pressure mounts on the ECB… http://blog.currenciesdirect.net/index.php/2009/03/31/pressure-mounts-on-the-ecb/ Foreign exchange and currency rates blog Thu, 09 Feb 2012 21:02:04 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Superlopez http://blog.currenciesdirect.net/index.php/2009/03/31/pressure-mounts-on-the-ecb/comment-page-1/#comment-19 Superlopez Tue, 31 Mar 2009 13:47:55 +0000 http://blog.currenciesdirect.net/?p=169#comment-19 Dear Phil. Agree with you. The Bank of Spain has been estimated that if one considers the level of coverage similar to the European average in arrears (around 50%), the fund would cover the losses associated with bad debt ratio at around 4% now in environment of 3% -. From this ratio, banks and will have to pull your own results. And those who say 'stress test' made up to now (stress test) is that the benefits of a year could cover bad debt ratios of 7%. But if you add three-quarters of the benefits of two consecutive years of losses from bad debt ratios to reach 9%. Is that scenario likely? In this difficult context, there is a rare consensus. The worst is to come. And not just because of growth in delinquencies, but also because banks and, to the aggravation of economic activity and the ability of households and firms, have restricted the maximum lending. Something that obviously undermines the economic, but also the financial system itself, which has opened an impressive network of offices whose employees do not have a credit placed in the mouth. Dear Phil. Agree with you. The Bank of Spain has been estimated that if one considers the level of coverage similar to the European average in arrears (around 50%), the fund would cover the losses associated with bad debt ratio at around 4% now in environment of 3% -. From this ratio, banks and will have to pull your own results. And those who say ’stress test’ made up to now (stress test) is that the benefits of a year could cover bad debt ratios of 7%. But if you add three-quarters of the benefits of two consecutive years of losses from bad debt ratios to reach 9%.

Is that scenario likely? In this difficult context, there is a rare consensus. The worst is to come. And not just because of growth in delinquencies, but also because banks and, to the aggravation of economic activity and the ability of households and firms, have restricted the maximum lending. Something that obviously undermines the economic, but also the financial system itself, which has opened an impressive network of offices whose employees do not have a credit placed in the mouth.

]]> By: nash http://blog.currenciesdirect.net/index.php/2009/03/31/pressure-mounts-on-the-ecb/comment-page-1/#comment-18 nash Tue, 31 Mar 2009 13:29:22 +0000 http://blog.currenciesdirect.net/?p=169#comment-18 House prices dropping in Spain by more than 5% in 2008 (and more than 10% in "second hand" homes) as per data released by the INE in Spain today. Unemployment rate above 14%. First bank nationalised this week. Stagflation. U shapped recession, maybe leading to L shaped recession If we see EUR weakining in the coming months, great time to buy property in EUROPE?!?!?! House prices dropping in Spain by more than 5% in 2008 (and more than 10% in “second hand” homes) as per data released by the INE in Spain today. Unemployment rate above 14%. First bank nationalised this week. Stagflation. U shapped recession, maybe leading to L shaped recession
If we see EUR weakining in the coming months, great time to buy property in EUROPE?!?!?!

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