  World Eurozone banks park over half a trillion euros at European Central Bank for first time en>fr fr>en
By BurnParis  Comments: 27261, member since Thu Mar 13, 2003On Tue Jan 17, 2012 06:37 AM
Many (banks) are afraid to lend the money to another bank for fear they won’t get paid back. Banks face potential losses on government bonds issued by countries with heavy debt levels.
Now there's some confidence in the current situation,..  FRANKFURT, Germany — Europe’s banks parked just over half a trillion euros at the European Central Bank on Monday in another sign that they remain concerned about lending to each other.
The central bank said Tuesday that banks stashed a record €501.9 billion ($635.9 billion) overnight. The previous record of €493.3 billion was set Friday.
Banks are awash with ready cash thanks to €489 billion in low interest crisis loans handed out to 523 banks by the ECB in late December.
Many are afraid to lend the money to another bank for fear they won’t get paid back. Banks face potential losses on government bonds issued by countries with heavy debt levels.
Some banks are also believed to be hoarding the ECB loan money to pay off their own bonds maturing this year. 3 Replies to Eurozone banks park over half a trillion euros at European Central Bank for first time |
 re: Eurozone banks park over half a trillion euros at European Central Bank for first time (karma: 1)
en>fr fr>en
By FrogFryer Comments: 36257, member since Wed Apr 16, 2003On Tue Jan 17, 2012 07:02 AM
theyre stuck
theyve been stuck
its still a slow motion train wreck and benny in DC is pulling out his hair .... wait
never mind
the die hard brainwashed euro hopefuls are gonna be very disappointed |
 re: Eurozone banks park over half a trillion euros at European Central Bank for first time en>fr fr>en
By EU_Army Comments: 1796, member since Sat Mar 28, 2009On Tue Jan 17, 2012 07:19 AM
Big deal?
You see the same problem in the US, the problem is much worse there... |
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 re: Eurozone banks park over half a trillion euros at European Central Bank for first time en>fr fr>en
By Global_Village  Comments: 9308, member since Sun Aug 07, 2005On Tue Jan 17, 2012 09:15 AM
I agree, Fryer and BP... you guys can laugh all you want about the crap situation here in europe, truth is, its nothing but market pressure from "Wallstreet" trying to be sure the dollars won't fall first, nothing else. And printing more won't change that fact, the free world is in the same shape as buttfuckerland!  |
