And you see green shoots?

Posted on

FT.com / Brussels / Economy – Eurozone banks face $283bn writedowns .

Eurozone banks face additional losses of more than $283bn this year and next as continental Europe’s severe recession intensifies strains on its financial sector, the European Central Bank has warned.

I don’t spy green shoots.

I just see markets making merry on tax payers money which they are using for speculation, not lending.

Which is why firmer control of banks is necessary.