Sleepytime Tea And Baby

of European States and Basel 3

Recent interventions in order to protect systemic failures of sovereign states (Ireland, Greece, Portugal and so on) and the pressures of Tremonti for the creation of a European public debt to supplement (and in some way replace) the State Public Debt, are also considered in the light of the new Basel Accord 3.
investment banking securities (which it is) is considered a quality investment, because of the alleged lack of possible default, and therefore central to the management of bank assets.
then reinforce the debt of states, then it means also to strengthen the capital of banks that, like it or not, hold a large part of the debt.