06 November 2020
13 min read

Optimus (non)Prime: A Eurozone Banks story

I've railed against Eurozone banks for a long time. To be honest, it's hard not to. They really are facing a hell of a lot of trouble, especially over the next ten years, and I'd argue that the virus crisis has exacerbated these issues. The difference between what I say versus what other commentators tend to allude to is that I don't think they will simply blow up - that's not necessarily what a low share price indicates. No, it's worse. I think they will simply truck on and keep piling on sh*t upon sh*t into their books

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