The situation in the global economy is heating up. Vulnerabilities, which can begin the collapse of the rife. But surprisingly the stock market is trending up. Yes failure in the controversial referendum was purchased. However, came the news, which could well become the trigger for world markets. Identified the biggest threat to the global financial system, and the danger is in Germany.
In principle, it was expected, and I mentioned this problem in their past records. The main problem for the global financial system is “Deutsche Bank”. It was with this damning wording just released an analytical report from the IMF!
A few days ago stock quote reached its lowest rates in its history. Smart money long gone from this Bank. This is not surprising, after all, on account of the Bank are the derivatives in the amount of 55 605 039. 000. 000 or at the rate of $ 72 842 601 090 000. This amount to restructure or write off and forgive just not realistic.
The complexity of the situation is that Deutsche Bank is a systemically important German Bank. All banks and insurance companies not only in Germany but also in Europe very closely related. And so if I go to bed this German heavyweight, it will inform the whole system. The situation will develop in a Domino effect, and the avalanche will capture even the States.
The IMF insists on the urgent rehabilitation “Deutsche Bank”. The Bank is unsalvageable, it should be bankrupt! It is a forced divestiture of certain assets of the Bank, the imposition of the ban on some operations.
To plan of liquidation of the Bank it will take time. While the authorities keep the audience awake, and the markets in General have not realized the seriousness of the whole situation.
In any case, at some stage this problem will come to the fore. Of course there will be abandoned all efforts to minimize the consequences. But in any case sales on world markets can not be avoided…
And if you still remember that in August and September, the peak payments on Italian bonds, the situation looks intimidating. And don’t forget that our country too is part of the global financial system, and Germany is not so far from us…
