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Say Goodnight London: European Banks Grind To A Halt
Lyndon LaRouche
the only lending coming from the central banks. The European Central Bank offered $30 billion in one-day loans at 11 percent interest, and received $77 billion in loan requests from desperate banks. Banks are hoarding their cash for their own use, rather than lending it out, as they seek to avoid failure.
www.larouchepac.com/node/11411/print