European banks may need 18.1 trillion Euro bailout

[Skybird]

I increasingly read messages in German news and also in blogs that the British Daily Telegraph had access to a top secret document of the EU comission that says that european banks are sitting on so huge ammounts of bad papers that they need bailouts worth 18 trillion euros, and saying that more than 44% of current financial possessions of banks are "bad/foul".

After that the Telegraph, so say these news, has been forced by governments to not publish these numbers, to hide these shocking numbers from the public.

On various german blogs and news sits as well, the telegraph got quoted today with these excerpts:

11th February: The figures, contained in a secret European Commission paper, are startling. The dodgy financial packages are estimated to total £16.3 trillion in banks across the EU. The impaired assets may amount to an astonishing 44 per cent of EU bank balance sheets. It is a deep ditch the bankers, regulators and their friends in government have dug us into.
(...)
Estimates of total expected asset write-downs suggest that the budgetary costs – actual and contingent – of asset relief could be very large both in absolute terms and relative to GDP in member states.

In this context it should be noted, that several german and English sites appeareantly have been manipulated and links to the once published document have been hacked or manipilated to be no longer valid anymore. The link mentions the theme, but do not lead to a valid website anymore.

Bloggers and professional journalists alike warn that a very massive attempt to make access to this article impossible has been undertaken.

for comparison: the current US deficit is somewhere between 10 and 11 trillion.

The damage of Us banks have not been included in the secret paper by the EU. It is estimated that it cold be as high as that for European banks, which would mean 30-35 trillion for Western banks alone.

The deveklopement of this catastrophe has been known by goivernments since severla years. Action was refused with regard to not putting political party's power interests at coming elections at risk. At the same time, many new nations have been accepted into the EU, all of which share one similiarity: they are close to a state of being - or already are - bankrupt.

If any good should come from this, I hope it will rip this Frankenstein creation called EU into pieces. But before that happens, we will be served lies, denial and betrayal for breakfast, lunch and dinner for a long time to come.

If anybody has a functional link to that Daily Telegraph article, first published around one week ago or so, please post it.