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I don't think I'm one of those 100 people, but from what I've been reading, many European banks (particularly the German, French and British banks) have more ex
by baguasquirrel 16y ago
I don't think I'm one of those 100 people, but from what I've been reading, many European banks (particularly the German, French and British banks) have more exposure to Greek, Portuguese and Spanish debt than they ought to. If any of those countries (Spain in particular) were to default, the losses at the big banks would be so great that people may want to pull their money out for now, just in case. And you know what happens next.
- rjett 16y agohttp://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html http://www.nytimes.com/interactive/2010/05/02/weekinreview/0...