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Why Europe's Banks Are on a Borrowing Binge | |
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February 19, 2011 Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market. Source: http://www.cnbc.com/id/41669140?__source=RSS*tag*&par=RSS |
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