Banking: That shrinking feeling

Major analysis feature. Concern is growing about the impact on the real economy of a fall in credit availability.

The related hyperlink from Spiegel Online International says 'As concerns about Spanish banks grow, leading economists are warning that Europe's banking system urgently needs to be overhauled, otherwise the entire monetary union could be in jeopardy. The continent's leaders missed their chance to reform the system in the wake of the 2008 financial crisis, and are now paying the price'.

ESO: Background information: European Banks Remain Under Pressure From Weak Growth http://www.europeansources.info/record/european-banks-remain-under-pressure-from-weak-growth/

NRC Handelsblad, 14.5.12: Banks could sink the euro (via PressEurop) http://www.presseurop.eu/en/content/article/1980751-banks-could-sink-euro

Spiegel Online International, 7.5.12: Saving the Euro Will Require Banking Sector Reform http://www.spiegel.de/international/europe/europe-needs-to-reform-its-banking-sector-a-831712.html

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