Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system.
Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become increasingly worried about the finances of other European banks.
Barclays has also cut its exposure in recent months as senior managers have become increasingly concerned about developments among banks with large exposures to the troubled European countries Greece, Ireland, Spain, Italy and Portugal.
In its interim management statement, published in April, Barclays reported a wholesale exposure to Spain of £6.4bn, compared with £7.2bn last June, while its exposure to Italy has fallen by more than £100m.
One source said it was inevitable that British banks would look to minimise their potential losses in the event the eurozone crisis were to get worse. Everyone wants to ensure that they are not badly affected by the crisis, said one bank executive.
Continued on Page 47
#2
As bad as the Reign of Terror was, and it by itself wouldn't have made a decent boil on the ass of the massacre of Catholics in the Vendee during the same time period by the same government, you don't have to go to France to find religious persecution; the British had a couple of religiously oriented Civil Wars of their own.
#3
What Trevor Phillips, Chairman of the Equality and Human Rights Commission is saying is that some Christians are not laying down for his PC diktates, therefore they are worse than the guys who plant bombs in the Tube.
Posted by: regular joe ||
06/19/2011 10:40 Comments ||
Top||
#4
Remember, that from the leftist point of view, what matters is not success, but *improvement*.
A good example is court ordered drug treatment counseling. Such counselors are often on a strong ego trip and have deep personal control issues. They want obedience to their whims.
It has been learned that the very best thing you can do before attending such mandatory counseling is to get as much drugs into your blood as you can, prior to your first drug test. Because what the counselors want is for you to show "improvement".
So you have to continue to take lots of drugs, but taper off over time, and you will get very high marks and be released from your training quickly.
The worst possible thing you can do is to have your first test indicate that you are "clean", and have no drugs in your system. This means you cannot "improve", so you are *defying* your counselor, and they may continue to force you to attend counseling for an extended length of time, because of your *defiance*.
Now, in this case, the leftists are probably thrilled to death with the Muslims. "Last week you killed 3 women and raped 3 more. But this week, you only killed 2 and didn't rape any at all! You have shown tremendous improvement! You get top marks for integration!"
But at the same time, he is very upset with the Christian. "Last week you said your gospel does not permit homosexuals to marry. This week you are saying the exact same thing. Why are you defying me and refusing to *improve*?"
"You Christians are anti-social and refuse to integrate. You should be more like Muslims!"
#6
We have our share of idjuts in the U.S. too. Rep. Sheila Jackson Lee (D-Texas) said that investigators needed to analyze Christian militants in America because they might try to bring down the country.
In other words the looney left tries to find scapegoats and boogeymen in the name of PC and to cover up failures.
* NEWS KERALA > EUROPEAN FIGHTERS JOIN AFGHAN TALIBAN, to avenge the death of OBL includ alleged "British Radicals".
Read, BRIT, EURO RADICALS = JIHADIS WHOM MAY RETURN TO THEIR HOME COUNTRIES TO BEGIN JIHAD THERE, once their training is completed or they survive insurgent combat, etc.
and
* SAME > UK PM CAMERON PLACED ON TERROR HIT LIST, for assassination vee compilation by Al-Qaeda "working group" of Govt-Public Personages whom supported the US-NATO invasion of Afghanistan, committed other alleged "Crimes agz Muslims/Islam".
AND YES, POTUS BAMMER REPOR TOPS THE LIST.
Not clear at this time iff ex-POTUS DUBYA is on the list or is ranked in Top 5-10.
versus
* DEFENCE.PK/FORUMS > [Jailed]TTP MILITANTS SAY [confess] THEY TRAINED KIDNAPPED CHILDREN FOR FOREIGN AGENCY. Various Terrops includ Suicide Bombings.
Claimed to had been paid approxi US$25,000
per child, US$15,0000 of which was kept by the Reza Mehsud Training Centre where the Kiddies received their indoctrination.
POSTERS > "FOREIGN AGENCY" = read, USA = CIA? espec as per Raymond Davis case???
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