Greece Is Scrambling to Save Its Banks — Again
Non-performing exposures constitute almost half of Greek banks’ assets.
Most of their regulatory capital consists of deferred tax claims against the battered Greek sovereign.
Mervyn King
Mervyn King was governor of the Bank of England during the financial crisis Mervyn King is playing a game of chicken with the world’s most irresponsible industry. Martin Wolf, Financial Times 21/9 2007 Man who started QE. King is good at articulating what’s wrong with the global economy, not so good when it comes to solutions. https://englundmacro.blogspot.com/2025/07/mervyn-king.html
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