samedi 8 octobre 2011

Below from the BIS latest quarterly review,

Fitch Ratings reports that the 10 largest prime MMMFs cut back their European bank holdings by 20% (approximately $79 billion) between end-May and end-July, and by 97% vis-à-vis banks from Italy and Spain, to protect themselves against banks facing write-downs on their holdings of debt issued by their home sovereign.

Is it what u r looking for?

Don’t think so, phone calls and the arm twisting are for tomorrow and the pressure will run high on Bratislava… and it is rather awkward to watch the little support they get for what is a very legit fight for their interests and absolute right to ask for a way to control the evolution of their liabilities through the EFSF given the abilities the euro bureaucracy has demonstrated in risk management and regulation of the financial sector… they were in charge of….

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