The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out
Precisely one week ago in
"A Black Swan Lands In Southern Austria: The Ripple Effects Of "Mini-Greece Going Off In The Heartland Of Europe",
when analyzing the consequences of the collapse of Austria's bad bank,
we noted perhaps the biggest paradox of Europe's emergency preparedness response to the Greek collapse and imminent expulsion from the Eurozone:
namely that the biggest threat to German banks was no longer in some Mediterranean nation, but in its very own back yard.
Tyler Durden on 03/15/2015
http://www.zerohedge.com/news/2015-03-15/austrian-black-swan-claims-its-first-foreign-casualty-german-duesselhyp-collapses-be
It’s not quite Creditanstalt,
"A Black Swan Lands In Southern Austria: The Ripple Effects Of "Mini-Greece Going Off In The Heartland Of Europe",
when analyzing the consequences of the collapse of Austria's bad bank,
we noted perhaps the biggest paradox of Europe's emergency preparedness response to the Greek collapse and imminent expulsion from the Eurozone:
namely that the biggest threat to German banks was no longer in some Mediterranean nation, but in its very own back yard.
Tyler Durden on 03/15/2015
http://www.zerohedge.com/news/2015-03-15/austrian-black-swan-claims-its-first-foreign-casualty-german-duesselhyp-collapses-be
It’s not quite Creditanstalt,
the Austrian banking collapse that marked the beginning of the Great Depression, but...
http://www.internetional.se/doom071126.htm#worldbank
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