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News Link • Economy - International

Europe's banks are staring into the abyss

• Daily Telegraph

Where now for European banks? Sir Howard Davies, former chairman of Britain's Financial Services Authority, said on BBC Radio's Today programme on Tuesday morning that he thought the French government was only days away from having to recapitalise the country's banking system for a second time. It's hard to disagree.

The panic seems to have been temporarily stemmed by a statement from BNP Paribas to the effect that it wasn't having the problems widely reported of finding dollar funding.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

http://www.reuters.com/article/2011/09/13/us-eurozone-idUSTRE78B24R20110913

http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

http://www.realclearpolitics.com/video/2011/09/14/geithner_were_in_an_early_stage_of_a_crisis.html

http://www.cnbc.com/id/44515524

http://www.rawstory.com/rs/2011/09/14/eurozone-debt-crisis-could-rip-e-u-apart-officials/

 


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