Tuesday, March 26, 2013

Europe's over sized banking system in turmoil

See why it is likely with more bank turmoil in Europe. Europe has a banking system that outsizes its economy more than 3.5 times. The United States has a more equity based economy and a relatively much smaller banking system of 1.7 times its economy.

Source: Bloomberg

The United Kingdom and France looks very vulnerable with a banking sector 6 and 4 times its economy respectively.

Geir Solem

Elliott Wave Technician
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