Looking at the NPL (non-performing loans) of EU-ECB banks, well...the system is insolvent.
- The EU banks are bankrupt. Toast.
And what do policy-makers and bankers reflexively 'do' when they feel at risk?
- Protect themselves, steal all the loot they can, and devil take the hindmost.
It's not a 'coincidence' that the EU is working on 'policies' designed to prevent bank runs...in other words, to keep the owners of accounts from getting their money out of their accounts. Just in case, you know.
- Not that anyone learned anything from Cyprus, or anything like that.
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