Namibia Economist (Windhoek)
10 October 2008
There is only one reason I can think of why the inter-bank credit markets do not want to become unstuck. Europe's banks have extremely talented people on their staff, and when the dominoes started falling in the US, I am sure they must have calculated their own exposure, more specifically that part of their balance sheets, which is exposed to sub-prime and come up with an astonishing answer: they ...
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