Real Vision CEO Raoul Pal has called the Eurostoxx Bank Index “probably THE most important level of ANY chart pattern in the history of equity markets.” The Eurostoxx Banks Index is made up of 25 of the biggest banks in the eurozone. AIB and Bank of Ireland are part of the mix. It’s a barometer of the health of the European banking system. Raoul Pal is wound up about the Eurostoxx Bank Index because it’s at 80, just above the lowest level in its 33 year history, which was set in 1988. Eurostoxx Bank Index So the European banks are…

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Under the ECB’s watchful eye, the European (and Irish) banking industry is wasting away

Irish banks are wasting away, along with the rest of the European banking industry. ECB regulation is a big part of the problem. When banks can't make money from lending, that's bad for shareholders, the economy, and eventually the taxpayer.

5th Mar, 2020 - 8 min read

Sean Keyes

Finance Correspondent

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