Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the US and Japan, threatening to trap the region in a credit crunch and chronic depression for a decade.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8830072/Europes-lost-decade-as-7-trillion-loan-crunch-looms.html
Monday, 17 October 2011
Posted by Britannia Radio at 08:45