8 Trillion Euros in Borrow-Short Lend-Long Madness at European Banks; Circuit-Breaker Silliness; Dash for Cash Sends Short-Term Rates Negative Again

"The Financial Times reports US funds show true state of eurozone banks

Morgan Stanley, calculates that of the €8,000bn funding that is currently in place for the largest 91 eurozone banks, some 58 per cent needs to be rolled over in the next two years. More startling still, some 47 per cent of this funding is less than a year in duration. Much of that is in euros..."

at  http://globaleconomicanalysis.blogspot.com/2011/08/8-trillion-euros-in-borrow-short-lend.html