In Euro Zone, Banking Fear Feeds on Itself


via In Euro Zone, Banking Fear Feeds on Itself – NYTimes.com.

“But questions continue to mount about the ability of Europe’s banks to ride out the crisis, as some are having a harder time securing loans needed for daily operations.

American financial institutions, seeking to inoculate themselves from the growing risks, are increasingly wary of making new short-term loans in some cases and are pulling back from doing business with their European counterparts — moves that could exacerbate the funding problems of European banks.”

The end of the road where the can is.

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