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View Full Version : Banks' Reluctance to Lend in Europe Jumps on Greek Vote Concern - Bloomberg



NewsWhore
11-01-2011, 08:21 AM
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Banks&#39; Reluctance to Lend in Europe Jumps on Greek Vote Concern (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF0GaZGvRlEwf_iHGshWqhc7QB7Tw&url=http://www.bloomberg.com/news/2011-11-01/banks-reluctance-to-lend-in-europe-jumps-on-greek-vote-concern.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, was 100 basis points below the euro interbank offered rate from 92 yesterday. That&#39;s the widest gap since Oct. 6. The one-year basis swap was 66 basis ...

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