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European Debt

EuropeanBankingAthority

The European Banking Authority (EBA) has estimated that the Spanish banks are now missing more than 26 billion euro in order to manage this difficult economic situation. The same principle held that the German banks are missing today more than 13 billion Euros to cope with adverse economic conditions "until June 2012." and Italian banks, are missing almost 15.5 billion euro to manage this difficult economic situation. 

European Central Bank (ECB) announced that it will start making payments of "loans for commercial banks in the coming 36 months," without specifying amounts, only affirming that "the interest rate will be privileged." 

The ECB, which proceeded to reduce the basic rate to 1%, made ​​it clear that "will increase the collateral guarantees" to disburse such loans. In late October, the European Banking Authority announced that “106 billion Euros are needed” by banks in the Euro area as a whole to cope with the current adverse economic situation.  However, ECB back then, avoided making detailed and specific its initial assessment.

Visit:   www.sateara.com    and find out what Germany must do?

 

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