lundi 21 mai 2012


In short, Germany has given the SoFFIN:
  1. €400 billion to be used as guarantees for German banks.
  2. €80 billion to be used for the recapitalization of German banks
  3. Legislation that would permit German banks to dump their euro-zone government bonds if needed.
That is correct. Any German bank, if it so chooses, will have the option to dump its EU sovereign bonds into the SoFFIN during a Crisis.
In simple terms, Germany has put a €480 billion firewall around its banks. It can literally pull out of the Euro any time it wants to.
Above is what I got I don't know if Nederland has a similar contengency plan, Finland is ok as they shouldn't need one if the collateral guarantees went through.

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