Qatar unlikely to be ‘white knight’ for Europe banks
Despite the hefty investments it has poured into the European market, Qatar shouldn’t be counted on to bail Europe’s banks out completely, analysts say.
“Not even Qatar’s pockets are deep enough to really throw meaningful capital at the European financial system. They could participate in some of the capital raising that banks are doing, but ultimately, public multilateral support is needed,” said Rachel Ziemba, director at Roubini Global Economics in London…
A Doha-based financial industry executive said he believed Qatar was probably “talking with every bank in Europe. But it remains to be seen whether the negotiations will lead to anything concrete.”
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