European Central Bank warns of new bank crisis
Rahvusvahelised uudised 07 Jun 2010  EWR
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The Swedish Wire
FRANKFURT (AFP) - Eurozone banks could face a credit crunch as they compete with governments for funds – but Swedish banks are "well-equipped" to meet unexpected events.

The ECB's Financial Stability Review said last week that banks must renew about 800 billion euros (950 billion dollars) in debt by the end of 2012, and that they would be competing head-on with governments in bond markets.

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