European Banking System on the Brink of Disaster! ft. Peter St Onge

In this video, Peter discusses the possibility of a banking crisis in Europe, potentially worse than the 2008 financial crisis in the US. With European banks dominating lending and having twice the assets of US banks, every problem American banks have is likely worse in Europe. Furthermore, 500 billion in pandemic-era Central Bank handouts may have to be paid back, potentially forcing banks to sell impaired assets and exposing the holes in their balance sheets. The ECB may be hesitant to print more bailout trillions, which could force European banks to slash lending, potentially throwing Europe into a deep recession.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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