Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.
The heavy weight of debts denominated in foreign currency. Borrowing in dollars & euros is cheap until it isn’t.
Saving the Zombies in Europe.
For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe.
“If you discover at a later stage that there was Mafia involvement, how do you undo what you’ve already done?”
The European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.”
“The contract between society and business has changed forever.”
“Valuation uncertainties.” And the trail of the Windhorst bonds.
As so often, this started well before Covid, but Covid is speeding up the process.
Most of the fallout from the Pandemic has been postponed in the UK. But then what?