SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 16, 2011 08:16 ET

European Debt Crisis Wreaks Havoc on Foreign Banking Sector

The Paragon Report Provides Equity Research on National Bank of Greece & Barclays PLC

NEW YORK, NY--(Marketwire - Sep 16, 2011) - The Paragon Report examines investing opportunities in the Foreign Banking Industry and provides equity research on National Bank of Greece SA (NYSE: NBG) and Barclays PLC (NYSE: BCS) (LSE: BARC). Access to the full company reports can be found at:

Despite reassuring efforts from German Chancellor Angela Merkel and French President Nicolas Sarkozy, the Eurozone -- and particularly Greek -- debt crisis continues to wreak havoc on the European Banking sector. Even though not part of the Eurozone, UK Banks are also greatly affected by events that occur within the currency union, and have struggled in a similar fashion to other European financial institutions. Greece currently relies on funds from last year's euro110 billion ($150 billion) international bailout to service its debt and pay salaries and pensions. But the lifeline could be cut if the country continues to miss fiscal and reform targets.

Billionaire investor George Soros argues that European policymakers have not come up with measures to help fund European banks, whose shares are now back at their lowest point since March 2009. "The lack of an authoritative pan-European body to handle a banking crisis of this severity is causing a huge problem," he added.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Foreign Banking industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

In the UK, The ICB's Vickers report recommended this week that UK banks "ring-fence" their basic services (deposits, overdraft), and move riskier "casino" operations to a non-ring-fenced bank that would not enjoy government support.

Ring-fencing occurs when a portion of a company's assets are financially separated without necessarily being operated as a separate entity. Ring-fenced ops would need to maintain a debt/equity ratio of at least 10%.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at