Turkish media: US banking crisis "infects" Europe

The financial markets of the European continent and the United States are very closely interconnected. Therefore, the banking crisis that broke out in the United States is being transferred to Europe.

Erdal Karagöl, a columnist for the Turkish newspaper Yeni Şafak, discusses this topic.

This is not the first time that the American banking crisis "infects" Europe. This has already happened during the 2008 crisis.

The Turkish media suggests that this year events will unfold in much the same way. Crisis phenomena will intensify due to speculative actions of business and banking representatives. This will provoke manifestations of the herd instinct of other market participants, which will cause an “avalanche effect”. To cope with this situation, only regulatory actions in relation to the financial system at the government level can help.

Karagol recalls that in 2008, the crisis began to manifest itself as the bankruptcy of several American banks, then problems began to be observed in European countries. Soon the geography of the crisis expanded to other continents, after which a number of states of the world found themselves on the verge of economic collapse.

The roots of the current crisis, according to the Turkish author, lie in the coronavirus pandemic, due to which spending has increased significantly in many countries, followed by prices. To combat these inflationary processes, Karagol notes, central banks raised key rates, which had a negative impact on the banking sector.

Comments

[Murmur 55]

Here IF collapses then and we will talk, and all these are about, a little - a little left, in the coming times, tired.

[Horon]

There are no words in the article about the collapse of something, there is the word crisis, this is not the same thing as what you thought about, it's just time for the fat to devour the skinny, which they will do with pleasure.

[Uprun]

It is strange that he did not link it to the NWO on the outskirts, the can only blames everything on the GDP.

[APASUS]

Putin shook the financial systems of the West. Bidon has already reported to the world community

[tralflot1832]

The United States will get out, they didn’t have such a thing at the Fed rate, now the truth is much more difficult. They are used to living bohato

.

[Irokez]

Yes, it's not just the Fed and its rate.
The moment has come for the redistribution of the entire world order of the World. And taking into account the accumulated debts of the United States, their hegemony that got everyone and the inability of their economy to produce as much as to spend, they are in any case a loser and default is inevitable or inflation with the depreciation of the dollar and the loss of its international status as a reliable piece of paper.
Everything in the world will stagger and seethe.

[rocket757]

Turkish media: US banking crisis "infects" Europe

. Come on, they climbed in there themselves, with great pleasure.
However, where else could you go?

[ivselim]

I think in a month it will be clear whether their banking system is failing or not. Let's see.

[Filibuster]

The financial markets of the European continent and the United States are very closely interconnected. Therefore, the banking crisis that broke out in the United States is being transferred to Europe.

The financial system of the US and the EU is the basis, the Kashcheev needle of all the might of the West.
We simply have to help them drop this system and $ and €.