yep dylan, ultimately there will have to be some defualts in
Europe, Greece can never pay all that debt back, so while it would
be painful I think some defaults are eventually needed to help
speed it along
The valuation on the European banks tells the same story. Price
to book on Deutsche Bank is now 0,43 and the share price is heading
down to 2008-09 years low.
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yep dylan, ultimately there will
Time release of German Vote result- does anyone know? after market today or?
Posted by matt on 6th of Sep 2011 at 11:07 am
yep dylan, ultimately there will have to be some defualts in Europe, Greece can never pay all that debt back, so while it would be painful I think some defaults are eventually needed to help speed it along
The valuation on the European
Posted by lebow on 6th of Sep 2011 at 11:16 am
The valuation on the European banks tells the same story. Price to book on Deutsche Bank is now 0,43 and the share price is heading down to 2008-09 years low.