PPP KINGDOM

PPP KINGDOM

DEPOSIT FLIGHT FROM EUROPEAN BANKS MEANS COLLATERAL RISK PILING UP AT ECB

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European banks are losing deposits as savers and money funds spooked by the region’s debt crisis search for havens, a trend that could worsen economic and financial conditions.

Retail and institutional deposits at Greek banks fell 19 percent in the past year and almost 40 percent at Irish lenders in 18 months. Meanwhile, European Union financial firms are lending less to one another and U.S. money-market funds have reduced their investments in German, French and Spanish banks.

http://www.bloomberg.com/news/2011-09-13/deposit-flight-from-european-banks-means-collateral-risk-piling-up-at-ecb.html

Best Regards,

FINANCIAL WARRIOR

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