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European Banks Gird for 'The Year of Reckoning'

Wall Street Journal Original article ›

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Analysts are predicting billions of euros of writedowns for European banks in 2009 and 2010 and these will be tough years for these banks. 98 billion euros of impaorments are expected in 2009 , up from 77 billion euros in 2008, according to analysts in a Credit Suisse report. This will present further challenges to European governments which have already injected 70 billion euros to keeo the banking sectors from going under.

The European Union and the economic crisis of 2008-2009.

10/06/2008

How the economic crisis of 2008-2009 affects the European Union.

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