Raising capital "impossible" for Europe banks: SocGen CEO

Raising capital has become "fundamentally impossible" for European banks, the chairman and CEO of France's Societe Generale said on Friday, in a stark reflection of the concern over the health ...

Magicians at the ECB have temporarily convinced market participants that Europe is in some sort of recovery. It isn't. All of Europe is now in recession, including Germany as noted earlier today in German Economy Shrinks Most in Three Years; Situation Significantly Worse Than Mood. "Debt Doom Loop in Spain"