by Calculated Risk on 12/14/2011 05:00:00 PM
Wednesday, December 14, 2011
Europe: More Bad News
Some headlines ...
From the WaPo: Greece is slipping on reforms, IMF warns
From the WaPo: UK’s unemployment increases to highest level in 17 years as austerity measures bite
From the Financial Times: Dive in deposits at foreign-owned banks in US
From the WSJ: Strains Remain in Interbank Market Despite Cheap Dollars
From CNBC: Fitch Downgrades Five Major European Commercial Banks and Banking Groups
It might be time for another summit.