Huffpost Business

U.S. Banks Aren't Nearly Ready For Coming Crisis

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The euro area faces a major economic crisis, most likely a series of rolling, country-specific problems involving some combination of failing banks and sovereigns that can't pay their debts in full.
This will culminate in systemwide stress, emergency liquidity loans from the European Central Bank and politicians from all the countries involved increasingly at one another's throats.

Read the whole story at Bloomberg View