From Simone Wapler – The Strategy of Simone Wapler (France) –
As you know, I think we are witnessing the return of a banking crisis.
Obviously, as we must avoid panic, media coverage is minimal.
Tuesday night’s 6:15 p.m. to 7:10 p.m., Radio Notre Dame had invited me to speak life insurance and Sapin law (I’m updater file on your Life Insurance elsewhere).
The facilitator was Philippe Delaroche had invited two others. One of them praised the solidity of French banks, noting that home loans being granted in our country fixed rate, it’s put away a borrower fails thrust upon rising rates.
It seems to me that this is a partial view of the situation. The real estate loan portfolio is actually not the Achilles heel of the French banks.
These are derivatives that are most threatening. In addition, if the rates of sovereign bonds plunged into negative territory, it is because those who have money prefer to store entrust it to states (even over-indebted) rather than French banks (even deemed in excellent health).