Banks Clash With Lawmakers on Greek Rescue

According to the report Jean-Claude, European leaders are looking at losses for the private investor to near 50 to 60%. So, how is it going to play out with the bilateral loans as well as with the notes the ECB bought because so far there are absolutely no sign of anything in the French medias…?

According Evolution securities (a Bloomberg Report can’t access the link from here, go to Business Week) the bilateral loans Greece has received from the region’s govs have the same level of seniority as the nation’s bonds…qualifying it the worst bit of lending history incredibly embarrassing, one for the Guinness Book of records for the worst lending decisions ever, two, to lose almost 40 billions euros of taxpayer’s money in 18 months…assuming the ECB losses will paid by? overtime.

The all thing getting us here, the losses on these loans to reach 100 euros for every man, woman and child of the nations using the common currency of the haircut isn’t voluntary.

Data compiled by Bloomberg is a bit better and reaches 96 euros per head off the consequences if CDS are triggered.

And it is better instead of saying that Europe may head to unknown territories if an agreement cannot be reached to be honest about the financial situation regarding the bilateral loans, the ECB losses as well as the consequences for the banks and financial companies the public is dealing with should Greece default and the CDS to be triggered. To wait and hope for the best will not help. If some management have clearly endangered their institutions they should be exposed, fired and replaced as quickly and swiftly as possible making sure all necessary measures will be taken diligently.