KWN weekly with EvG – March 28, 2014
The risks in the banking sector are increasing fast as investors chase yields. High risk Covenant Light loans are now 70% greater than before the financial collapse in 2007. At the same time IMF and some individual countries like Germany and Japan are extending loans to the Ukraine of $27 billion. None of these countries can afford this aid package since they naturally don’t have the money but must print it.