{"id":263,"date":"2011-08-15T22:51:34","date_gmt":"2011-08-16T02:51:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=263"},"modified":"2011-08-15T22:51:34","modified_gmt":"2011-08-16T02:51:34","slug":"mon-dieu-french-banks-could-pull-down-the-economy","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/15\/mon-dieu-french-banks-could-pull-down-the-economy\/","title":{"rendered":"Mon Dieu! French Banks Could Pull Down the Economy"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">As of the end of March 2011, French banks held $410 billion of Italian debt, by virtue of their holdings of Italian government bonds and loans to the private sector, according to the Bank for International Settlement. They were also on the hook for $86 billion because of credit commitments, derivatives contracts and other loan guarantees in Italy.<\/span><\/p>\n<p><span style=\"color:#008080;\">The ability of the French financial system to weather an Italian storm is doubtful because French banks are less capitalized than their major European counterparts.<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.thefiscaltimes.com\/Articles\/2011\/08\/11\/Mon-Dieu-French-Banks-Could-Pull-Down-the-Economy.aspx#page1\">Mon Dieu! French Banks Could Pull Down the Economy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of the end of March 2011, French banks held $410 billion of Italian debt, by virtue of their holdings of Italian government bonds and loans to the private sector, according to the Bank for International Settlement. They were also on the hook for $86 billion because of credit commitments, derivatives contracts and other loan &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/15\/mon-dieu-french-banks-could-pull-down-the-economy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mon Dieu! French Banks Could Pull Down the Economy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-263","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mon Dieu! French Banks Could Pull Down the Economy - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mon Dieu! French Banks Could Pull Down the Economy - the patient investor\" \/>\n<meta property=\"og:description\" content=\"As of the end of March 2011, French banks held $410 billion of Italian debt, by virtue of their holdings of Italian government bonds and loans to the private sector, according to the Bank for International Settlement. They were also on the hook for $86 billion because of credit commitments, derivatives contracts and other loan &hellip; Continue reading &quot;Mon Dieu! French Banks Could Pull Down the Economy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/15\/mon-dieu-french-banks-could-pull-down-the-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-16T02:51:34+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/15\/mon-dieu-french-banks-could-pull-down-the-economy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/15\/mon-dieu-french-banks-could-pull-down-the-economy\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Mon Dieu! 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Financial chaos. ....The Street has lent only about $7 billion to Greece, as of the end of last year, according to\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":753,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/woes-at-french-banks-signal-a-broader-crisis-wsj-com\/","url_meta":{"origin":263,"position":1},"title":"Woes at French Banks Signal a Broader Crisis &#8211; WSJ.com","author":"ColinTwiggs","date":"September 11, 2011","format":false,"excerpt":"Greece will run out of money within weeks if it can't end a standoff with the International Monetary Fund and the EU. In a last-ditch effort to overcome the impasse with its international lenders, Greece's government said Sunday that it would impose a new property tax to cover a \u20ac2\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1589,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/26\/euro-zone-talks-hit-roadblocks-wsj-com-2\/","url_meta":{"origin":263,"position":2},"title":"EU Forges Greek Bond Deal &#8211; WSJ.com","author":"ColinTwiggs","date":"October 26, 2011","format":false,"excerpt":"French President Nicolas Sarkozy said after the marathon negotiating session that the leaders had reached agreement with private banks on a \"voluntary\" 50% reduction of Greece's debt in the hands of private investors. He also said they had agreed to expand the firepower of the European Financial Stability Facility, the\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1137,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/europe-races-to-stem-debt-crisis-amid-rescue-plan-for-dexia-wsj-com\/","url_meta":{"origin":263,"position":3},"title":"Europe Races to Stem Debt Crisis Amid Rescue Plan for Dexia &#8211; WSJ.com","author":"ColinTwiggs","date":"October 5, 2011","format":false,"excerpt":"Euro-zone governments suffered a blow Tuesday in their efforts to contain a deepening sovereign debt crisis as one of the Continent's biggest banks, dogged by fears about its exposure to Greek and Italian debt, was on the verge of a government-backed breakup. Bank executives and government officials zeroed in on\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1274,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/12\/too-big-to-fail-is-here-to-stay\/","url_meta":{"origin":263,"position":4},"title":"Too-big-to-fail is here to stay","author":"ColinTwiggs","date":"October 12, 2011","format":false,"excerpt":"Lehman Brothers' collapse in 2008 was intended to intended to teach financial markets that they could not rely on an implicit government guarantee for too-big-to-fail (TBTF) banks. What bondholders learned was the opposite: never again would an institution of that size be allowed to collapse because of the de-stabilizing effect\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13565,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/07\/12\/the-italian-bank-crisis-the-one-graph-version-the-market-monetarist\/","url_meta":{"origin":263,"position":5},"title":"The Italian bank crisis \u2013 the one graph version | The Market Monetarist","author":"ColinTwiggs","date":"July 12, 2016","format":false,"excerpt":"I love Lars Christensen's work. Simple but elegant. This is a bit wonkish for an investment blog but he makes a very important point which applies to far more than just Italy. Today I was interviewed by a Danish journalist about the Italian banking crisis..... He asked me a very\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=263"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/263\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}