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May 18, 2012 1:43 PM EDT
This Ain’t No Head & Shoulders

One of Tuesday’s fears was that the ECB’s 442 billion Euro or $543 billion one-year loans to banks were to be repaid Thursday. A year ago, the ECB underwent a long-term repo to inject funds into a struggling banking market. This was seen as an opportunity to see how much and how many banks were in trouble and would be unable to pay back these loans. The estimate was for 250 to 300 billion Euros would need to be rolled over, this time in 3-mont... full story >>


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