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Banking

WireTap 1400 23/11/11

A round-up of the key stories across the specialist financial media


European banks get ‘false deleveraging’ 

European banks promising to sell distressed assets are lending money to get deals done.

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German bond sale fails to attract buyers 

Germany’s bond sale today suffered a poor performance, triggering concerns regarding Germany’s financial strength.

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Bank of Greece warns of euro exit 

The Bank of Greece has warned that the latest bailout package is the last chance to enact reform.

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Polish central bank said to sell euros as zloty tumbles 

The Polish central bank has sold euros for the first time in seven weeks as the Polish currency hits a two month low.

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Dexia bailout plan looks unworkable: report 

A Belgian newspaper has reported that France and Belgium are in fresh talks over the bailout of Dexia as Belgium asks France to take on a bigger part of the cost.

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Germany and France clash on ECB crisis role

The two countries have clashed on whether the ECB needs to take bolder steps to avert further crisis, with Angela Merkel warning against the bank going outside its mandate.

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