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German Banking Replies |
rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16932 Location: Sunny California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11735 Location: Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11735 Location: Los Angeles, California
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diesel Moderator


Joined: 05 Oct 2006 Posts: 793 Location: Australia & New Zealand
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Posted: Fri Feb 15, 2008 4:43 am Post subject: |
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And this from rueters
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL1364387820080213
| Quote: | German banks have borrowed heavily from the European Central Bank's liquidity window, taking up 46pc of the total €430bn in December, although they account for just 26pc of the eurozone's asset base. The confidential data was revealed this week by Spain's government, irked by reports that Spanish banks have been on an ECB drip-feed.
The escalating credit crisis in Europe comes amid ever clearer signs of an economic downturn. Industrial production in the eurozone fell 0.2pc in December, with a plunge of 4pc in Italy. |
If Europes own subprime in Eastern Europe delivers a second hit here, Europe may well take a knock out punch it cant get up from... |
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