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What Countries Have Banks That Are In Trouble?
Ireland – The Government of Ireland has guaranteed all bank deposits at a massive cost to the taxpayers as yet to be determined.
Greece – Guaranteed all bank deposits at a massive expense to the taxpayers.
Germany – In trouble but floundering around for a rescue plan. Sales and inquires regarding home safes jumped up 25% as Germans are afraid to trust the banks. Real estate also dropping.
Iceland – They nationalized their biggest banking institution along with two other smaller banks. More expense to the taxpayers.
UK – Big trouble here. They are providing 844 billion dollars of bailout money in a widespread plan to try to shore things up. Doom and gloom for the UK taxpayers.
Spain – They did a 68 billion dollar bailout buying the loans outright from their financial institutions. More government control. More doom and gloom for the taxpayers.
Sweden – Issued guarantees on bank accounts.
Denmark – Issued guarantees on bank account funds.
USA – The most bailouts of them all and it is not yet over.
If you live or bank in one of these countries get your assets out. It is safe to assume the EU in general is in trouble. Stay tuned.
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