IPFS News Link • Economy - International
Europe's banks are staring into the abyss
• Daily TelegraphWhere 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 Europe's banks are staring into the abyss
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/