Showing posts with label Trichet has gone mad. Show all posts
Showing posts with label Trichet has gone mad. Show all posts

Thursday, August 12, 2010

European banking system looking screwed again re: Ireland/EU banks (update 1)

The ECB is being drained by PIIGS banks:
  • Greek borrowings up July 2010: 2.5% from June 2010,
  • Portuguese borrowings up a mega 21%
  • Italian banks borrowed an additional 12%.