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Ambrose Evans-Pritchard: Europe's next debt crisis is only starting, tearing north and south apart
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 2, 2022
The eurozone credit crunch has begun in earnest. Lending conditions across the currency bloc are the tightest since late 2012, when the region was still crippled by the sovereign debt crisis.
The European Central Bank's lending survey is a leading indicator of what is to come. Both the supply and demand for credit definitively buckled in the third quarter, even if the eurozone economy eked out a last gasp of legacy growth. Lending is deteriorating most rapidly in Italy and Spain.
... Dispatch continues below ...
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Reyna Gold Identifies Major Geophysical Anomalies
and More High-Grade Gold, Silver, and Copper
Company Announcement
November 1, 2022
Reyna Gold Corp. (TSXV: REYG, OTCQB: REYGF) announces more results from the ongoing district-scale exploration at its 24,215 hectare La Gloria Property in Sonora, Mexico.
Results are returning high-grade gold, silver and copper samples from multiple mineralized zones that align with geophysical anomalies, silica alterations, and structural controls on the property.
Details appear at the link below.
"We are using a geoscientific exploration approach that is continually working on the property," Reyna Gold CEO Michael Wood said. "We have identified a number of very large geophysical anomalies that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver, and copper mineralization.
"These anomalies are mainly covered and as a consequence have never been explored, presenting us with very large unexplored targets that we know are hosting mineralization from multiple orogenic and intrusive related events across an 80-square-kilometer area. It is very exciting to see our exploration approach continuing to uncover more and more mineralization on the property.” ...
... For the remainder of the announcement:
https://reynagold.com/read/PR-
"The tightening in financing conditions corroborates our view that the euro area is headed towards a sharp recession," said Ludovio Sapio from Barclays. Trouble is baked into the pie already, whatever happens to Vladimir Putin’s war and global gas prices.
Banks are doing what they always do at the rumble of thunder: they are imposing tougher terms on households and small firms; they are rejecting loan applications. This is a self-fulfilling process that can spin out of control at turning points in the business cycle. ...
... For the remainder of the report:
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