‘Bail-in’ Risks See Europe Banks Get Downgrade Warning…”The move towards “bail-ins” and away from government “bailouts” continues to evolve”

Thursday, March 6, 2014
By Paul Martin

by GoldCore
ZeroHedge.com
03/06/2014

Gold traded below the highest level in more than four months as investors weighed the crisis in Ukraine against the weakening U.S. economy.

Prices rose 0.3% after a report showed that U.S. companies added much fewer workers than projected in February. The metal climbed to $1,354.87 on March 3, the highest since October 30, as tension between Ukraine and Russia escalated. Bloomberg reports that gold in Singapore for immediate delivery was at $1,334.86/oz at 2:30 p.m. in from $1,336.90/oz yesterday.

Must read guide to and research on Bail-ins can be read here:
Guide: Protecting your Savings In The Coming Bail-In Era

The move towards “bail-ins” and away from government “bailouts” continues to evolve
and yesterday credit rating agency, Standard and Poor’s (S&P) warned that this could lead to credit ratings for European banks being slashed by one or two notches.

Following similar moves in the U.S., European banks could see ratings downgrades if regulators continue to move towards depositor and bondholder “bail-ins.” S&P signaled that it would review its ratings on banks by the end of April this year.

The Rest…HERE

Leave a Reply

Support Revolution Radio