The continued deterioration in the European sovereign debt crisis has spurred a flurry of credit rating actions the last couple of days.

FORBES: BNP Paribas Joins The Downgrade Party As S&P Slashes Rating One Notch

It is not only the continued deterioration of civil and economic life since the July war, as Lebanese call the 2006 conflict, that has shaken people's confidence.

BBC: NEWS | Middle East | Rumours and violence fuel Lebanon anxiety

German banks are at risk of continued asset deterioration as the crisis grows and the global economy slows, and they have limited-loss absorption capacity to face a stress scenario.

FORBES: German Banks Don't Have Enough Capital To Face A Severe Downturn, Moody's Says

Now that may cheer up the general public, who have long expressed outrage at the hefty bonuses bankers have earned and continued to amidst scandal, economic deterioration and government bailouts -- but it's certainly not music to the ears of British Prime Minister David Cameron.

CNN: Would EU bonus cap spark banker flight?