ciekawa rozkminka z wyliczanką
EUROZONE VIEW: Barbara Rockefeller of Rockefeller Treasury Services notes that
European banks hold E2.4 trillion in "non-core" assets, half of which is
non-performing. "How can the ECB possibly expect banks to start lending to the
private sector with this hanging over their heads and a tiny ABS market to get
rid of it?," she says. If non-performing loans are E1.2 trillion and the ABS
market this year will be E100 billion, that's less than 10%, she says. "It looks
like the ECB is worse than a day late and a dollar short in promoting
development of a critical fix," Rockefeller observes, "Okay, ABS was the source
of much tomfoolery and crime in the US, and advocating more of it for Europe
comes with severe misgivings - but banks are the wellspring of economic growth
and if they are on their knees, they can't be expected to perform," she warns.