Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Christine Lagarde Will Become Unwanted in Europe

Christine Lagarde will soon become unwanted in Europe. The losses of European banking shares accelerated after the speech of IMF president, Christine Lagarde, saying that a liquidity crisis could not be ruled out and some banks needed additional capital. Christine Lagarde also called the advanced economies to stimulate the growth by all means. Is the speech of Christine Lagarde to blame for the drop of banking shares?

Six Months Later: USMI, SNDS, BNPC

Previous.Close    Last    Change     Loss

BNP.PA    32.230             29.800   -2.430       7.5%

ACA.PA     5.858               5.403     -0.455     7.776%

GLE.PA    19.510             17.445   -2.065     10.58%

KN.PA       2.604                 2.406     -0.198     7.6%

BNP.PA: BNP Paribas, ACA.PA:Credit Agricole, GLE.PA :Societe Generale, KN.PA=Natixis

French banks again led the fall in French Stock Exchange, with a 10.58% drop for Societé Generale, The CAC40 fell by 3.6% to 2974.59. The worst performer was Societe General in French stock exchange market.

London FTSE 100 dropped 2.35% and closed at 5214.65.Top loser was Barclays, with a 9.43% loss. Top winner was Tullow Oil with a 15.15% gain. Frankfurt, the DAX, fell by 4.04 % and closed at 5189.93.

Previously, Christine Lagarde had urged European states to recapitalize the banks in a speech at the Jackson Hole conference. She was criticized harshly by many French politicians and business people (read Laurence Parisot’s outrageous statements) after her speech. It seems that Christine Lagarde, who was once the golden girl of France, will soon become an unwanted person in France.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!