Sunday, June 19, 2011

UK banks abandon eurozone over Greek default fears

By Harry Wilson

UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the impact of a “Lehman-style” event connected to a Greek default.

Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system.

Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become increasingly worried about the finances of other European banks.

More Here..


  1. been moving out for months. funny, while their news releases are-don't worry it'll be fixed, their pulling money away to protect themselves. 1st ones out are better off as always

  2. credit freezes starting to take off. 2008 financial crisis all over again but this time far worst

  3. you know me now. im the kinda guy who is on nees in night sayin prayers in street light. coolio song. well i am that kinda guy. Ill trade in peace for freedom and love for truth. be gone from us those that like slavery. comforted brats. we need mass revoltion. the kind your grandparents would roll over for. and thats all ive got to say about that people. get moving. in shifted words. TRY ME OUT FOR SIZE. watch le mis. its a play. it will inspire you to great things. are time is near. we are folks seeking light.

    - Sam

  4. Is this really more computer generated sam spam ?

    Rap Rock RRRRevolutionary Radical ?

    But ,its hard to believe modern
    computers are really that dumb at imitating the human grammar and logic of average americans ?

    But then again ,it may just be truly representative of the average joe sixpack or sam ?


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