Hello Den

Very good artickle which underlined the coming troubles for us Europeans and specially our banking systems and exposure to Eastern Europe countries like our own KBC bank over here..

Yes indeed Europe is not acting the same way the US is acting because we are in fact no nation behind one flag.So now we will see a test if all countries involved will be solidair with each other ? I doubt about it.

The crisis will last much longer then some have in mind .I don't see no reason to be optimistic for the near future.

What is your personam view on oil price?Will Opec succeed in reaching a stable price let 's say around 60 $ by end this year?

At some point cheap oil is in favour for economy and spending behavior but many oil producing countries are also in trouble due to the low price .So they will IMO search a balance between them .