How US banks became blueprint for Europe / ECB tightens banks’ use of assets as collateral

Commentary article. In late 2008, with Lehman Brothers on the verge of collapse, no one would have expected the US banking system to become a model for anything other than financial chaos. Fast forward three-and-a-half years and America’s banks have become the unlikely blueprint for European lenders still very much in the throes of their own debt-fuelled crisis.

ESO: Background information: ECB action lowers euribor rates / ECB injection helps thaw in corporate bond markets http://www.europeansources.info/record/ecb-action-lowers-euribor-rates-ecb-injection-helps-thaw-in-corporate-bond-markets/

---