90 seconds at 9 am:European deal (news with Bernard Hickey)

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Uploaded by on Dec 11, 2011

European summit
Fiscal compact
UK out, no treaty
200 bln via IMF
Moody's downgrades
CA, BNP, SocGen
'Liquidity constraints'
NZ$250 mln bonds
Telegraph reports
Eurozone banking system
On edge of collapse
'Major bank could fail'
Chinese export growth
Slowest since 2009
Fell 1.6% to Germany
Fell 23% to Italy
China more important
Asia Pacific exports
53% of total
Euro area just 7%

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  • It will not collapse. Germany will save the countries in trouble, in exchange for economical and political security....read : power !

  • Bernard, have you looked at the term rehypothecation? Its pretty scary.

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