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Tesseraction posted:Source is Bloomberg: Bloomberg blames: Basque bank bid badly.
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Aug 13, 2018 12:14
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Dutch news is saying 39% of BNP Paribas' outstanding loans (32b euro) is in Turkey, which is an insanely high number to me. Reason it gives is because BNP owns "a Turkish bank".
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Aug 13, 2018 15:46
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Orange Devil posted:Dutch news is saying 39% of BNP Paribas' outstanding loans (32b euro) is in Turkey, which is an insanely high number to me. Reason it gives is because BNP owns "a Turkish bank". I think it might have come with the acquisition of Fortis.
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Aug 13, 2018 15:56
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A phrase about eggs and baskets comes to mind...
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Aug 13, 2018 15:57
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How does it go from 2% according to Bloomberg to 39% according to whatever Dutch news? Is Fortis Bank Turkey really big enough to represent the 37 point difference? Pretty impressive for a subsidiary of a subsidiary.
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Aug 13, 2018 16:02
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Orange Devil posted:Dutch news is saying 39% of BNP Paribas' outstanding loans (32b euro) is in Turkey, which is an insanely high number to me. Reason it gives is because BNP owns "a Turkish bank". There's a brief story here on a French stock exchange news site which says that its interests in Turkey represent only 2% of the total outstanding loan portfolio of BNP Paribas and 2.5% of earnings before taxation, which sounds a bit more plausible to me. BNP Paribas is the largest banking group in France (the largest even in the Eurozone according to Wiki) and Turkey is not a big economy comparatively speaking.
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Aug 13, 2018 16:03
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Pluskut Tukker posted:There's a brief story here on a French stock exchange news site which says that its interests in Turkey represent only 2% of the total outstanding loan portfolio of BNP Paribas and 2.5% of earnings before taxation, which sounds a bit more plausible to me. BNP Paribas is the largest banking group in France (the largest even in the Eurozone according to Wiki) and Turkey is not a big economy comparatively speaking. Right I think it was 39% of the total Turkish debt held by EU banks
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Aug 13, 2018 16:27
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Dutch news just being loving poo poo then.
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Aug 13, 2018 17:54
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well, this is awkward: https://twitter.com/jrhopkin/status/1029493629860098049 (it's the one that has collapsed) and right on queue, the fingerpointing begins https://twitter.com/alemannoEU/status/1029470181322571776 double nine fucked around with this message at 23:28 on Aug 14, 2018 |
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Aug 14, 2018 23:25
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Starting to think this Salvini guy might just be an utterly worthless piece of poo poo who I would gladly piss on if he was on fire, if only to keep him on fire while also getting covered in piss.
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Aug 14, 2018 23:39
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Tesseraction posted:Starting to think this Salvini guy might just be an utterly worthless piece of poo poo who I would gladly piss on if he was on fire, if only to keep him on fire while also getting covered in piss. Same, only substitute "starting to think" with "I'm quite sure". Dear Matteo Salvini: more than thirty people have died, and you're literally lying about why they died to score political points for your worthless anti-Europe side. If there's a hell, I'm sure Beelzebub has a devil put aside for you.
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Aug 14, 2018 23:59
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It appears that hell is empty.
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Aug 15, 2018 07:38
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What should surprise no one is that they decided in the nineties to keep doing restoration on the bridge while it was just slightly more expensive to raze it down and rebuild(please let's not make "lol genoas people are cheap" jokes, people have died  ). For some weird reason that escapes me people keep believing that concrete structures will last forever like as they were build in brick&mortar by romans(lol nope) and just some loctite to plug holes will make a jolly good work. That bridge was built in the loving sixties…
SlowBloke fucked around with this message at 07:55 on Aug 15, 2018 |
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Aug 15, 2018 07:49
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It's only surprising that Salvini didn't try to blame migrants for it.
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Aug 15, 2018 08:21
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double nine posted:well, this is awkward:  Way to look like a guilty pile of poo poo desperate to dodge the blame.
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Aug 15, 2018 08:55
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Toplowtech posted:Yeah because bridges are collapsing all over Europe, killing hundred of people. Given everything I have seen in the past two years, I'm sure it will work. Turns out most people don't give a crap about evidence or logic, they believe what they WANT to believe and pick and choose only what supports their worldview. Humanity was doomed from the start
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Aug 15, 2018 09:03
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AceOfFlames posted:Given everything I have seen in the past two years, I'm sure it will work. Turns out most people don't give a crap about evidence or logic, they believe what they WANT to believe and pick and choose only what supports their worldview. Humanity was doomed from the start Who is pushing the 'the bridge collapsed because its maintenance was deliberately underfunded due to short-sighted greed and corporate welfare' narrative?
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Aug 15, 2018 09:10
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Ghost Leviathan posted:Who is pushing the 'the bridge collapsed because its maintenance was deliberately underfunded due to short-sighted greed and corporate welfare' narrative? Nobody, because there's one thing nobody ever even fakes attempts at doing and that's pissing off the private corporate operators someone misteriously decided to hand over our highways to in the '90s. It's the one issue that should be in the spotlight since it's been clear that they just don't do the investments on the infrastructure and capture outrageous profits on yearly toll rate hikes, but that's not even off the agenda, you will never hear anyone talking about re nationalising our highways, not even anyone talking about imagining doing it.
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Aug 15, 2018 10:35
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Currently watching the news, the narrative is "bridge was old as gently caress, they should have bulldozed it decades ago". Nobody is calling europe as the culprit, just Autostrade, both on RAI and Mediaset so it's bipartisan for now.
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Aug 15, 2018 11:26
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Also to be noted: the bridge had several design problems to start with, which required maintenance above and beyond what was originally planned (see also the similarly designed bridge in Venezuela). IMO there's no single entity to blame, but everyone who has ever been in charge of the bridge since it was built should go against the wall. "We can't spend that much money, let's slap a bandaid on it and call it a day, someone will take care of it in the future." Italian mentality, everyone!
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Aug 15, 2018 12:16
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SlowBloke posted:Currently watching the news, the narrative is "bridge was old as gently caress, they should have bulldozed it decades ago". Nobody is calling europe as the culprit, just Autostrade, both on RAI and Mediaset so it's bipartisan for now. It wasn't just old as gently caress, it was really badly designed by a guy who built dozens of similarly terrible bridges all over the place. Maintenance of the cables is expensive bordering on impossible because the designer never heard of redundancy and put in the bare amount of cables needed to hold the load. In a sane design there's plenty of excess so that you can simply take messed up ones and have the rest hold up til they can be replaced.
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Aug 15, 2018 12:20
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Mikl posted:Also to be noted: the bridge had several design problems to start with, which required maintenance above and beyond what was originally planned (see also the similarly designed bridge in Venezuela).
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Aug 15, 2018 12:27
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jBrereton posted:I think it's more that it would be seen as hard to justify building another bridge and then demolishing/reducing use of one so soon after its construction (this is not unique to Italy; the Forth Road Bridge in Scotland is another badly designed 1960s bridge that has just got a replacement, in a richer country) Which is what the Gronda was exactly going to be and thanks to a handful of NIMBYs chuckefucks(and empowered by Grillo & M5S) never went beyond the drawing board.
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Aug 15, 2018 12:36
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Lol dumb Paddy Cosgrave invited Marine let Pen to speak at websummit in Portugal, there was a huge outcry and now she's uninvited. No fascists here, thanks
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Aug 15, 2018 13:03
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orange sky posted:Lol dumb Paddy Cosgrave invited Marine let Pen to speak at websummit in Portugal, there was a huge outcry and now she's uninvited. The gently caress was she going to talk about? Blockchains? "How to spread lies through social media?" If it's the latter, I'm guessing Steve Bannon was busy? AceOfFlames fucked around with this message at 13:33 on Aug 15, 2018 |
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Aug 15, 2018 13:17
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SlowBloke posted:Which is what the Gronda was exactly going to be and thanks to a handful of NIMBYs chuckefucks(and empowered by Grillo & M5S) never went beyond the drawing board.
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Aug 15, 2018 13:37
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AceOfFlames posted:The gently caress was she going to talk about? Blockchains? "How to spread lies through social media?" If it's the latter, I'm guessing Steve Bannon was busy? Paddy just invites anyone he thinks will give him publicity. This was the wrong kind though.
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Aug 15, 2018 13:54
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dis astranagant posted:It wasn't just old as gently caress, it was really badly designed by a guy who built dozens of similarly terrible bridges all over the place. Maintenance of the cables is expensive bordering on impossible because the designer never heard of redundancy and put in the bare amount of cables needed to hold the load. In a sane design there's plenty of excess so that you can simply take messed up ones and have the rest hold up til they can be replaced. Holy poo poo
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Aug 15, 2018 14:24
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Lawman 0 posted:Holy poo poo The span design of the one that just went down had been described as a "failure of engineering", with escalating maintenance costs to keep it safe.
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Aug 15, 2018 15:05
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I'd say it's time for a Cadaver trial. Let's dig that loving architect out.
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Aug 16, 2018 12:06
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Tafferling posted:I'd say it's time for a Cadaver trial. Followed by https://en.wikipedia.org/wiki/Posthumous_execution Then keep his head on a spike for decades as a warning to everyone who thinks of half-assing a bridge.
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Aug 16, 2018 13:24
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orange sky posted:Lol dumb Paddy Cosgrave invited Marine let Pen to speak at websummit in Portugal, there was a huge outcry and now she's uninvited. It all seems like a horrible publicity stunt though, last year he invited Nigel Farage.
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Aug 16, 2018 13:31
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Toplowtech posted:His Wadi el Kuf bridge was reportedly closed for safety reasons after inspections identified potential fractures in the bridge in October 2017. His other most known bridges are in Libya and Venezuela so i am not sure the locals are prioritizing maintenance either atm. The one in Venezuela was rammed by a boat in 1964. Four cars fell in the water during this disaster, causing the death of seven people. No casualty among the ship crew.   The destroyed stacks were rebuilt and the bridge repaired, but then in 1979, another pile destroyed itself by simple erosion. No casualty this time. Again, it was rebuilt and it is still in use today. I'm not sure which other Libyan bridge you're referring to, if not the closed one on the Wadi el Kuf.
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Aug 16, 2018 14:05
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Cat Mattress posted:I'm not sure which other Libyan bridge you're referring to, if not the closed one on the Wadi el Kuf.
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Aug 16, 2018 16:54
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Well presumably the Libyan bridge is not maintained but it's not too much of a problem since it's closed. And maybe it'll get bombed to blow up some jihadists. In other news: https://www.independent.co.uk/voices/brexit-united-ireland-north-border-dup-reunification-republic-uk-loyalist-republican-a8494556.html quote:Once upon a time you might have been struck by the sectarian divide, here as in Belfast, which would have split opinion on everything. This August, that was not my first, or overwhelming, impression. The alignments of Protestant/unionist/loyalist on the one side and Catholic/republican/nationalist on the other seem less clear than they were.
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Aug 16, 2018 23:35
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A united Ireland is inconceivable because it'd mean Brexit had at least one positive result.
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Aug 17, 2018 12:11
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Orange Devil posted:A united Ireland is inconceivable because it'd mean Brexit had at least one positive result. Britain sinking into the sea isn't a positive result?
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Aug 17, 2018 12:17
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Tesseraction posted:Britain sinking into the sea isn't a positive result? No because theres enough trash in the ocean as it is. Also lol at the outrage ay LePen, people are just shocked! that Paddy is a loving carny that keeps giving money and exposure to the worst people.
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Aug 17, 2018 12:32
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An Irish MP told me once that Dublin would never go for reunification, bc Northern Ireland is a basket case with an enormous budget deficit. Fwiw.
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Aug 17, 2018 13:17
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Northern Ireland is run by inept clowns, yes, so it would be a mild economic shock but tbh hard Brexit is going to piss into the Irish economy so it would probably be much of a muchness.
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Aug 17, 2018 13:33
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