Monday, August 2, 2010

Banks in "peripheral" Europe face $122 billion in maturing bonds

Italian, Spanish, Irish and Greek banks face high interest charges in rolling over existing debt, even after European regulators concluded that they are in sound condition and ready to ride out another economic downturn. Banks in countries with the region's heaviest debt loads have $122 billion in bonds maturing this year. Bloomberg
Stress Tests? The tests did not solve the funding issue.

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