Britannia Radio

Italian and Spanish government bond yields rose on Wednesday after doubts emerged on whether banks would use much of the hefty three-year loans they took from the European Central Bank to buy Italian and Spanish debt.
http://www.reuters.com/article/2011/12/21/markets-bonds-euro-idUSL6E7NL4KP20111221

Banks gorge on ECB loans, market cheer short-lived

But analysts said there was little prospect of the cash being hurled at the debt of euro zone weaklings and, while an interbank lending freeze may have been averted, the lack of trust between banks to lend to each other remains unresolved.
http://ca.reuters.com/article/businessNews/idCATRE7BK0MC20111221