Friday, May 7, 2010

Banks are now more reluctant to lend to each other than at any point since the problems of Greece

Interbank lending stress increasingly evident - European sovereign stresses are bleeding into "real
world." Banks are now more reluctant to lend to each other than at any point since the problems of Greece first blew up last October. The overnight index swap (OIS) spread on futures contracts in the eurozone rose to an all-time high this week. FT

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