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Europes banks face a $2 trillion dollar shortage
European banks face a US dollar funding gap of almost $2 trillion as a result of aggressive expansion around the world and may have difficulties rolling over debts, according to a report by the Bank for International Settlements. Bottom line, the USD is going to appreciate a lot more. Posted by: tipper 2009-03-04 |
| http://www.rantburg.com/poparticle.php?ID=264141 |