For the past six years, this bank has had problems with risk management and leadership, and while the general public may not feel the immediate impact of this bank’s issues, the business world, certain banks, certain insurance companies, and certain industries are feeling a slight panic. Those with the most available liquidity should survive, while others will experience a gradual decline.
What the European press is trying to pass off as a minor matter is causing panic among European governments, with most of the economy ministers of member countries trying to schedule meetings with their Swiss counterparts… With inflation running rampant and showing no signs of stopping in Europe, it is important for investors and small shareholders to be very cautious about the stock valuations of European banks and European insurance companies, which with this fragility, may become problematic for some of them.
Of course, we can imagine that Europe, which financially mistreats its citizens, certainly has the means to stabilize the structure, but it is clear that the more Europe delves into finance, the more the European people take to the streets. While Europe certainly exists on an economic level, it still does not exist on a social level. Leman Bleu TV (a Swiss TV channel) asks: Myret Zaki: “It’s the end of the Swiss banking miracle,” read here in French.
The article focuses on the acquirer, UBS, but emphasizes the end of the Swiss economic miracle, which, if true, will contribute to plunging Europe into even more poverty, because in Europe, from Luxembourg to Monaco, it has always been dominated by a not always clean money that was still a vector of stability before the foundation of Europe, so when one of these strongholds falls, there are inevitably chain reactions.
Thierry De Clemensat