{"id":9790,"date":"2016-07-21T17:06:15","date_gmt":"2016-07-21T14:06:15","guid":{"rendered":"http:\/\/bestinsurance.gr\/a1\/?p=9790"},"modified":"2016-07-21T17:06:15","modified_gmt":"2016-07-21T14:06:15","slug":"european-banks-soar-as-draghi-hints-at-public-backstops","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/9790","title":{"rendered":"European Banks Soar As Draghi Hints At &#8220;Public Backstops&#8221;"},"content":{"rendered":"<p class=\"title\">European Banks Soar As Draghi Hints At &#8220;Public Backstops&#8221;.If ever there was a reason for more European nations to &#8216;exit&#8217; the sinking ship, Mario Draghi just spewed one. Having sent European bank stocks sliding with earlier calls for reforms, Draghi&#8217;s wishful-thinking sent bank stocks soaring (especially Italian banks) after he noted <strong><em>a &#8220;public backstop is a measure that would be very useful and should be agreed with the Commission according to the existing rules.&#8221;<\/em><\/strong>We can only imagine Herr Schauble&#8217;s face when he heard this&#8230; and what about the Dijsselblom &#8220;template&#8221;?<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/07\/19\/20160721_banks.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/07\/19\/20160721_banks_0.jpg\" width=\"600\" height=\"315\" \/><\/a><\/p>\n<p>Draghi&#8217;s wish-list&#8230;<\/p>\n<ul>\n<li>*DRAGHI SEES NEED TO ADDRESS NON-PERFORMING LOANS IN EURO AREA (umm yeah!)<\/li>\n<li>*DRAGHI: PROBLEM FOR BANKS IS WEAK PROFITABILITY, NOT SOLVENCY (bwuahahah!!! even if that were true, you did it! NIRP!)<\/li>\n<li>*DRAGHI SAYS PUBLIC NPL BACKSTOP POSSIBLE IN EXCEPTIONAL TIMES (rules change)<\/li>\n<li>*DRAGHI SAYS NPL PUBLIC BACKSTOP WOULD BE VERY USEFUL (indeed)<\/li>\n<\/ul>\n<p>And Italian bank stocks loved the wishes&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/07\/19\/20160721_banks1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/07\/19\/20160721_banks1_0.jpg\" width=\"600\" height=\"323\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Source:<a href=\"http:\/\/www.zerohedge.com\/news\/2016-07-21\/european-banks-soar-draghi-hints-public-backstops\" target=\"_blank\">link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Banks Soar As Draghi Hints At &#8220;Public Backstops&#8221;.If ever there was a reason for more European nations to &#8216;exit&#8217; the sinking ship, Mario Draghi just spewed one. Having sent European bank stocks sliding with earlier calls for reforms, Draghi&#8217;s wishful-thinking sent bank stocks soaring (especially Italian banks) after he noted a &#8220;public backstop is<\/p>\n","protected":false},"author":1,"featured_media":9045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-9790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/9790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=9790"}],"version-history":[{"count":1,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/9790\/revisions"}],"predecessor-version":[{"id":9791,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/9790\/revisions\/9791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/9045"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=9790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=9790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=9790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}