Europe's slippery slopes

The behaviour of Europe's biggest banks suggests that a crisis of epic proportions may be about to hit the continent, writes David McWilliams.

8th January, 2012
Europe's slippery slopes
David McWilliams: `There is a sense on all sides that the balance sheets of the European banking system are wrecked'

One of the many advantages of advising a large Italian company - apart from getting paid on time - is that every now and then, you get invited to symposiums in lovely parts of Europe's most beautiful country. This year, the company - a proper manufacturing company that has specialised in design excellence, so that it can charge more than its peers and thrive - is having its shindig in the Italian Alps.

So yesterday,...

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