BANKS ARE RICH BUT SHOULD THEY NOT REVALUE THEIR ASSETS ?

All european countries have their rules about revaluations of Balance Sheets. 

It is my firm impression that Banks hide behind local country laws and pretend they do not have to revalue "hidden" unrevalued assets, when they seek financial help on the International or National Financial markets !!!

This Blog has already drawn attention to International Banking  Groups who choose to ignore or evade local national regulations when these do not coincide with Group objectives !!!  This is not abnormal !!!

What is abnormal is that these Banking Groups are not obliged to revalue or devalue assets on a current basis for reporting purposes !!!

Did Spanish Banks do this ?  Did Spanish Regional Governments do this ?   Finally, did the Spanish Government really not know what was going on ? 

Spain initially pleaded for help "to save its Banks" !!!
Then it seems that there were "other" problems !!!

Initially the cost of saving the State of Spain was minimal !!!  Now the EUROZONE is facing not just 30 Billion financing costs but more like 200 Billion !!!

Is it EUROZONE taxpayers who will pick up the cost of this financing ?  Or will non EUROZONE countries be dragged in ?
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