Euro Region Banks – Six Weeks Later
November 22, 2010 9:05 am
With all of the money backing the necessary bailouts of the EuroZone banks and governments, it looks as if there is little more than continuing fear that has investors pulling money out of related investments.
Even with a $1 trillion or so backstop, the number keep growing on just how much it will take to right this sinking ship. Even as the goal is to keep the Euro from breaking apart under the weight of an uneven economic backdrop, investors are getting wise to the fact that the prop-up spending is going to continue to weaken the Euro.
So, even six weeks later and $100 billion or so going to bail out Ireland’s banks and sovereign bond woes, there is no happiness in EuroLand.