Germany Has $800 Billion Euros in Toxic Assets → Washingtons Blog
Germany Has $800 Billion Euros in Toxic Assets - Washingtons Blog

Wednesday, May 13, 2009

Germany Has $800 Billion Euros in Toxic Assets


Nouriel Roubini's RGE Monitor reports that an internal paper by a German banking regulator states that the total of bad assets in the German banking system is $816 billion Euros.

This number includes both includes toxic securitized assets and also bad loans.

As one example, half of all assets of a particular Landesbank are classified as toxic.

No comments:

Post a Comment

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.

Post a Comment