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All european banks are backed, the subprime is there in europe, but the system is different. You won't see europeans banks going bankrupt and not beeing bought off.Originally posted by rayadp05Comment
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It hasn't just started now. The UK bailed out Northern Rock a year ago now.Comment
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totally different system here - our money is insured till 38k euro at any bank anyhow so noones gonna withdraw personal accounts for sure
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the UK will see a lot, they are having their own subprime crisis, they lent a lot more than they should have
not as much as US, but still...Comment
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in may EU countried you won't see pure invsetment banks, big difference, they are the ones that get hit pretty hard right nowComment
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They are now saying that even with the $700 Billion us Bailout, it won't help. The problem is growing, and more EU banks will need government support.
Three EU banks now. If congress doesn't vote on this, you will see even more US banks and EU banks go under.
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The US doesn't need to save the world.
Most EU banks only have limited exposure to the crisis. They're taking hits, sure, but few are taking potentially fatal hits. Fortis is an exception, not the rule. Many EU banks have reserves that allow them to easily weather the storm./(bb|[^b]{2})/Comment
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