Comments on: Euro woes to spread via credit http://blogs.reuters.com/james-saft/2011/11/25/euro-woes-to-spread-via-credit/ Fri, 17 May 2013 10:00:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: FBreughel1 http://blogs.reuters.com/james-saft/2011/11/25/euro-woes-to-spread-via-credit/comment-page-1/#comment-1029 FBreughel1 Fri, 02 Dec 2011 22:24:31 +0000 http://blogs.reuters.com/james-saft/?p=653#comment-1029 Three years the AngloSaxion world has been ridiculing and fingerpointing the EU and our banks. I hope it was fun because now our money comes home. Au revoir. Auf wiedersehen. Vaarwel. Three years the AngloSaxion world has been ridiculing and fingerpointing the EU and our banks. I hope it was fun because now our money comes home. Au revoir. Auf wiedersehen. Vaarwel.

]]> By: scythe http://blogs.reuters.com/james-saft/2011/11/25/euro-woes-to-spread-via-credit/comment-page-1/#comment-1026 scythe Fri, 25 Nov 2011 22:22:47 +0000 http://blogs.reuters.com/james-saft/?p=653#comment-1026 Yes, agree. Understandably Austria is not wanting to hold the baby if the bank#s investment turn sour. Not that long ago the Volksbank eastern division was sold to a Russian interest. The stress test proved to be its undoing. Seeing your opinion in a wider context, the current trajectory of the eurozone seems to be one of battening down the hatches (austerity) for an almighty credit storm. The euro states with relatively more secure finances or fiscal policies have already pointed their ships in that general direction - austerity and to ride out the end of the late, great crdit boom. The credit party is over. Like musical chairs, some countries will be left standing. No matter how much it is ridiculed, if the eurozone has already set sail under the flag of fiscal discipline, then markets in China, Americas, the UK will feel it. And this may be the existential fear in the market. Yes, agree. Understandably Austria is not wanting to hold the baby if the bank#s investment turn sour. Not that long ago the Volksbank eastern division was sold to a Russian interest. The stress test proved to be its undoing.

Seeing your opinion in a wider context, the current trajectory of the eurozone seems to be one of battening down the hatches (austerity) for an almighty credit storm. The euro states with relatively more secure finances or fiscal policies have already pointed their ships in that general direction – austerity and to ride out the end of the late, great crdit boom. The credit party is over.

Like musical chairs, some countries will be left standing. No matter how much it is ridiculed, if the eurozone has already set sail under the flag of fiscal discipline, then markets in China, Americas, the UK will feel it. And this may be the existential fear in the market.

]]>