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Thursday, July 14, 2011

Helaba Throws Hissy Fit

German bank Helaba has stated that it will pull out of the EU's bank stress tests this week, in order to avoid public failure.

By stating that the bank will fail the stress test the bank has ensured that there will be a run on the bank (and probably others in Germany), thus causing the bank to fail.

Helaba were very foolish to make this statement, clearly they do not understand how markets work.

It is clear that the EU experiment is now reaching "crunch time" where it either falls apart, or moves towards full and complete centralised control of taxes, budgets, laws etc.

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