The Problems of Eurozone Banks Go Far Beyond ECB’s Low Rates

. High exposure to sovereign debt (between 10 and 20% of total assets)
. Lingering non-performing Loans (c€1 trillion)
. ROIC below WACC
. Poor ROTE

The Problems of Eurozone Banks Go Far Beyond ECB's Low Rates:

. High exposure to sovereign debt (between 10 and 20% of total assets)
. Lingering non-performing Loans (c€1 trillion)
. ROIC below WACC
. Poor ROTE pic.twitter.com/vPn147esqN

— Daniel Lacalle (@dlacalle_IA) June 14, 2018

"#ECB signals end of QE and there is no evidence of real demand at these yields. Meanwhile, governments continue to spend as if there is no tomorrow… … while Eurozone slowdown is evident," h/t @dlacalle_IA pic.twitter.com/EDJCP443Un

— Alastair Williamson (@StockBoardAsset) June 14, 2018

Almost there pic.twitter.com/oilUPDHtPI

— zerohedge (@zerohedge) June 15, 2018