Forget the trade war. The real risk to the global economy is the death spiral in which Eurozone banks are in, GK says. Best indicator of this is that mkt cap of major banks keep shrinking. UniCredit’s have dropped to €21bn this week, Commerzbank’s to €6bn following weak numbers pic.twitter.com/BDwlsCMJb8

— Holger Zschaepitz (@Schuldensuehner) August 11, 2019