"One of the key risks for me is that there are quite a few companies with loans from European banks that are now under quasi control of the govts providing their guarantees and these govts have little concern for the fate/welfare of Australian companies."
Well I was suspicious before but am now certain.
Dargie posts useless waffle that hopefully the average hotcopper user realises.
The notion that European banks previously had some sort of warm fuzzy care for the welfare of Australian companies that is no longer there because they are quasi control of Governments is as about absurd a comment as I have seen.
The European banks are concerned with their bottom line, before and now.
BBI Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
