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| Europe |
| EuropeÂ’s banks face a $2 trillion dollar shortage |
| 2009-03-04 |
| 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 |
| #1 |
| Posted by: rabid whitetail 2009-03-04 19:24 |