Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
They have 20 Billion cash in hand but will have to borrow again mid next year as loans mature.  Presumably they think borrowing will be impossible if they allow the banks to default.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Nov 21st, 2010 at 02:11:44 AM EST
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