Tresheux Refusal to Borrow a Money From the European Central Bank

This is exactly what the banks predicted you're saying that they'd get bailed out and so few of them could see a classic moral hazard it wasn't really in the interest of their financial sectors to see it to be very simple. The effects are not just exclusively european and they don't just pertain to the periphery but tresheux refusal also leads to a massive crisis on these international markets which makes it much more difficult for example for northern african countries to actually borrow a money from french banks. Whether it's the arab spring or whether it's the brexit reference with 2016 they can all be traced back to this really cataclysmic moment of inaction on behalf of euro