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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.80+0.2%Nov 3 4:00 PM EST

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To: John Vosilla who wrote (100791)5/31/2013 9:55:28 AM
From: John Pitera3 Recommendations  Read Replies (1) of 217528
 
Hi John, EUROZONE Interactive stress test.... the official EU rate is 12.2% and the youth unemployment rate is 25%...

Mohammed El-Erian.. pointed out yesterday on cnbc that the Eurozone economy is weak... and they have experience the longest recession since merging in 1995.



graphics.thomsonreuters.com

with the interactive chart above; one can toggle a couple of the control items and see what the Euro banks look like with different %'s of the Basel II Accord...........etc


when I was at BFL associated in 2007, we were studying the Basel II bank capitalization ratio's.... at the time the purpose was to strengthen the EU banking system..... and a report from McKinsey stated that they were aiming for a 20% rate of underlying asset capitalization..... since then it has been "dumbed down" reduced.... as a 10% rate would have Austria, Belgium,Cypress, France Germany, Greece, Holland Ireland, Italy, Portugal Slovenia, Spain, the UK and Norway.... 77 banks in total... that's if they stuck with the original 10% threshold.

from a debt to GDP perspective the PIGS including Ireland and Italy are still lapping the field and Cypress, is a serious mess....as is Greece.

John
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