Did the EU learn anything from the 2008 liquidity crisis?

Leaked document shows 25 banks failed ECB safety tests: Telegraph

As the UK sinks further into debt, I look across Europe and see that not much has improved over there in the banking sector over the last 6 years. They seem to have a strong political will in the EU, but is that enough? Somehow, I can't see them having the cash to fund any large property loans in London over the coming year!

Posted by alan @ 12:00 PM 1 Comments

Merryn Somerset Webb of Money Week presents:

FT: The deficit will kill the property bubble

I have a friend who has been trying to sell a central London flat for eight months. Another has had a large house on the market for six months. They can’t understand why these one-time money machines aren’t selling. The reason is threat of higher property taxes pushes down house prices because buyers mentally capitalise the tax. They calculate the long-term costs of the tax in the future and subtract that lump sum from the price they are willing to pay for the house and its attached burden today.

Posted by khards @ 09:46 AM 5 Comments

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