EU Banks Crash To Crisis Lows As Funding Panic Accelerates
by Tyler Durden
ZeroHedge.com
Jul 6, 2016
The signs are everywhere – if you choose to look – Europe’s banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default risk in Monte Paschi, the panic in Europe’s funding markets (basis swaps collapsing) is palpable.
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