Europe is continuing to see deterioration across the board. Whether we are looking at banks, corporations, or bank’s ability to be able to access the wholesale dollar funding market. With the European Central Bank (ECB) saying that they will start raising rates we are seeing things start to break. Will Europe be able to raise rates? The answer is clearly no, and I will explain below.
Is Europe Doomed?
Is Europe Doomed?
Is Europe Doomed?
Europe is continuing to see deterioration across the board. Whether we are looking at banks, corporations, or bank’s ability to be able to access the wholesale dollar funding market. With the European Central Bank (ECB) saying that they will start raising rates we are seeing things start to break. Will Europe be able to raise rates? The answer is clearly no, and I will explain below.