Deutschebank are a strategically important bank in the EU. They are too big to fail and will be bailed out if it comes to that. The only thing that makes this harder is the Germans are not in direct control of the EU central bank so any bailout will be more convoluted. However, despite its weaknesses the German economy is the heart of the EU. Germany cannot be allowed to fail.
I still maintain that the real acid test will come when oil supply starts going down year-by-year significantly and prices rise because of it. Can the EU and by extension the global economy survive? Now I know the peripheral economies will suffer first but there is only so much supply loss that can occur before the failures begin to manifest in the core economies. How long will it be for that to happen is the big question...
- Real Estate REgurgitations
Started by monsta666 Feb 08, 2024, 01:22 PM
Message path : / Society / The American economy / Real Estate REgurgitations #11
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monsta666
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