There is a hidden Greek banking crisis which however the Greek political and financial leaders decline to admit. They are attempting to prevent creating panic and hope (against hope) that it can be gotten rid of. They are misguidedly believing that if the European crisis subsides, so their problems will too. Nothing could be more mistaken.

After my revelations became known, increasingly more doubters in the financial community are seeing the realities and are beginning to speak freely about the Greek banking issues. They understand that these need instant treatment before the damage caused by a sharp escalation will end up being irreparable. What the sneaky political leaders attempt to conceal is the remarkable way the stock market (the banking sector) has actually collapsed with banking shares suffering an extraordinary crash. It is a reality that throughout the last 12 months the loss of Greek banks varied from 14% to 70%; with an overall showing eleven of them are more than 40%.

The Greek banking industry has actually remained in 'meltdown' given that November 2009 onwards and the Greek government has actually entirely failed to stop this procedure while refusing to understand what the Greek banking crisis is, and the genuine reasons behind it. This is absolutely nothing less than a secret banking crisis. Do you require even more κικιλιας ιλεανα evidence? All you have to do is look at the control panel of the Athens stock market to understand that worldwide investors have offered out the Greek banking shares.

The most important reality of all, however, is that Europe has not understood it deals with as a whole, a severe banking crisis, which increases systemic risk and the Greek banking sector which, even if they were totally healthy - which it is not - deals with a severe systemic infection danger. When the international banking crisis broke in 2007, the then Greek federal government made sure to tension that Greece did not deal with any risk as the Greek banks were not exposed to poisonous financial investment products. At the very same time the opposition, had then sped up to confirm this reasoning with the outcome either of the two significant celebrations not to discuss the requirement to safeguard the Greek banks from possible contamination, which was more than specific. What a traditional mistake of rejection!

What is ignored is that investment items are not 'born' however become toxic when situations alter for the even worse which the routes of global capital quickly move an issue from one continent to another. The inability of the Greece, and her mounting issues (seen in their true light) and the connection with European and global economic and monetary environment has currently cost Greece, the EU and the world, the worst debt crisis and the inmost economic downturn in modern-day economic history.

And as a major caution, If not dealt with urgently launching a sensible reaction to rapidly and in the very first problem in the global media, the degrading scenario in the Greek banking industry will be impossible to hide. The problem of the Greek citizens and the panic that everybody wants to vanish will be extremely hard to avoid with devastating effects for the state as a whole.