Committee for the Abolition of Third World Debt


Banking Crisis in Europe: Origins and Perspectives

20 March 2012 by Daniel Munevar

Présentation by Daniel Munevar during OID-CADTM Training session (12 and 13 December 2011 in Belgium): What do banks do and why is the debt they claim from governments illegitimate? How do they get their money? What do they do with people’s savings? Relationships between banks and the ECB, the Fed, central banks of EU member states. What are CDS? What is the interbank market? What have they done since the 2007-2008 crisis? How does the debt secundary market work? Bank nationalisations since 2007. What kind of nationalisation does CADTM promote?

Origins and future perspectives of the banking... par Moizzze

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