Tuesday, April 21, 2009

European Banks in Double Trouble

Something to think about as we go into our meeting with the World Bank tomorrow. Considering that we started the economic crisis it is wild to see the extent of its impact on the European banking system. Hopefully the crisis over seas will be lessened, but will the United States play a role in their recovery? I would like to think yes, but that would be a tough sell by congress to the American people. How the European banks will acquire some $600 billion in capital is a question that someone should be asking.

1 comment:

TJE said...

I hope someone will ask our hosts how WB has been affected by turmoil in financial markets.