Time to Short European Banks?

Is it a good time to short European Banks?  Since many European banks hold a lot of sovereign debt, of their own countries as well as other euro zone sovereign debt they will be affected by all the financial commotion that is happening in Europe.

And even if they are free of Greed debt, we still have to remember that recent events in Europe are causing borrowing rates to go up in many other week members of EU such as Spain and Italy.  If Greece exits Eurozone, many European banks can get hit hard and fast.

Even if Greece dose not exit, and another huge bailout will be created, ECB resources will be stretched to the limit.  Another Eurozone member starts having financial issues, the whole house of cards collapses.

Here is a list of US stock exchange traded Euro Banks with options available for the shares:

• STD - Banco Santander SA
• BBVA -BBVA Privanza International Ltd
• DB - Deutsche Bank Aktiengesellschaft
• CS - Credit Suisse Group
• UBS - UBS AG

Then again, some people consider this a great time to bank Euro Banks:


http://seekingalpha.com/article/572211-is-it-time-to-invest-in-european-banks-yet