At which point do you run out of other people's money?-----Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls

Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls

• Europe is facing a potential “Lehman Brothers” event as energy companies face $1.5 trillion in margin calls.
• Some countries in the EU have already decided to set up funds to avoid a collapse of their energy derivatives markets.
• The crisis deepened after Russia said on Friday that the Nord Stream gas pipeline to Germany would remain closed indefinitely.
• European energy companies are facing margin calls of a total of $1.5 trillion in the derivatives market and many would need policy support to cover them..."