European Banks Crash Most In 4 Years As Default Risk Spikes To Pre-Draghi Levels
by Tyler Durden
ZeroHedge.com
04/07/2016
All the gains post-Draghi’s bazooka-est efforts in March have gone as bank credit risk is spiking and the last 4 weeks have seen the biggest collapse in European banking stocks since April 2012. Having blown his wad in March and been front-run by every Tom, Dick, and Harry trader, “whatever it takes” appears to be failing hard and with nothing left up his sleeves, Mario may not be so super anymore.
The Rest…HERE
