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  1. 02-11-2009, 06:29 PM #1
    AirborneSapper7
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    Euro Banks May Need $32 Trillion Bailout

    European bank bail-out could push EU into crisis

    A bail-out of the toxic assets held by European banks' could plunge the European Union into crisis, according to a confidential Brussels document.

    By Bruno Waterfield in Brussels
    Last Updated: 3:50PM GMT 11 Feb 2009

    “Estimates of total expected asset write-downs suggest that the budgetary costs – actual and contingent - of asset relief could be very large both in absolute terms and relative to GDP in member states,â€
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  2. 02-11-2009, 06:31 PM #2
    AirborneSapper7
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    European banks' toxic debts risk overwhelming EU governments

    The toxic debts of European banks risk overwhelming a number of EU governments and may pose a “systemicâ€
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