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Ok, so what happens now?

Liquidity is drained from the banks, so are we facing a renewed banking crisis? Will the markets believe that this poses a risk to governments or believe in the common banking resolution mechanisms ability to handle it? And will a speculative attack on exposed governments lead to a renewed periphery crisis or will the ECB back the governments?

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by A swedish kind of death on Fri Jan 24th, 2014 at 08:58:04 AM EST

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