if the euro collapses?, page-42

'Solvency is a separate matter. The Basel Accords deal with this through capital adequacy requirements applied to Credit risk, operational risk and market risk. I could comment at length on this but not at 4:45pm....

I would observe that in US and Europe at the moment, solvency is a short term problem and unless it is dealt with we wont get a chance to worry about it long term.'


I would observe that the solvency problem always start as a liquidity problem. As for solving both problems - i hear that the financial system still banking on taxpayers money.

Is it time to guarantee the banks, again?
Or this time is different?

In regards to Eu, discussions are continuing on everything ECB, bonds, etc. The only agreement so far - Greece will get its next tranche of loans by mid December.
I wonder why? Shouldn't the 82 billion stashed away by the Greek elite in Swiss bank accounts be repatriated before any further aid gets to Greece. Oh well, we can't expect the people who defrauded Greece to return the money, can we? Haven forbid, they may get taxed!