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Stress in the European banking system is hitting new highs
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Friday, August 06, 2010
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From Zero Hedge:

The most important story nobody talks about continues developing, with both Euro Libor and Euribor (3 Month) jumping to year highs.

The much more popular funding rate, Euribor, just hit 0.905%, compared to 0.904% yesterday as tightness across the banking sector continues, on expectations that the ECB may cease providing constant backstops to everyone...

Read full article...

More from Europe:

Top analyst Shilling: Euro will fall to parity with dollar

Top French bank: "No chance" euro bailout will succeed

More downgrades show euro contagion continues to spread

Topics: Europe | Credit_Crisis | Cruxallaneous
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