Europe banks on ALERT: Turkey on brink of COLLAPSE threatening Eurozone CRISIS

Sharing is Caring!

EUROPEAN banks fear the dramatic crash of the Turkish lira could spark a crisis reminiscent of the one that hit Wall Street financial institutions 20 years ago.

As oof last week, the lira was down 17 percent against the US dollar for the year, spooking global investors as many banks have borrowed money from Turkish companies. Spanish banks have lent the troubled country €71 billion, ahead of France (£22.6 billion), Italy (£13.6 billion) and Germany (£9.8 billion..

See also  Banking collapse bigger than 2008; 2,400 (50%) of US banks are now insolvent. 'Americans should prepare for a credit crunch'...
See also  Russia has the Lowest Inflation in Europe

We are primarily funded by readers. Please subscribe and donate to support us!

What with this and the Italians threatening not to pay billions of debt back to the EU – it’s toast.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.