"Washington' s Economic War Against Russia Utterly Stupid." V. Katasonov

Anti-Russia Economic Sanctions Prove Western Banking System to Be Nothing but House of Cards

...According to the last year’s research done by the International Monetary Fund, only 30% out of 300 European banks have the structure and reserves to guarantee profit for a long time compared to 80% in the United States. The European banking system is on its last legs. As Paul Craig Roberts says – it may be brought down as a house of cards. It’s enough for Russian to introduce a moratorium on debt payments. If Greece joins in – the collapse is inevitable... If the European system collapses, the banks of the United States will be next...   Valentin KATASONOV | 11.04.2015