The dam is breaking in Europe. Interbank lending has seized up. Much of the financial system is paralysed, setting off a credit crunch just as Euroland slides back into slump. The Euribor/OIS spread or`fear gauge’ is flashing red warning signals. … Continue reading Ambrose Evans-Pritchard–Should the Fed save Europe from disaster?
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Ambrose Evans-Pritchard–Should the Fed save Europe from disaster?
The dam is breaking in Europe. Interbank lending has seized up. Much of the financial system is paralysed, setting off a credit crunch just as Euroland slides back into slump. The Euribor/OIS spread or`fear gauge’ is flashing red warning signals. … Continue reading Ambrose Evans-Pritchard–Should the Fed save Europe from disaster?