Saturday, July 10, 2010

WSJ: "$1.65 trillion Euro zone bank debt coming due in 2010 and 2011"

by Bill McBride on 7/10/2010 01:50:00 PM

From Mark Whitehouse at the WSJ Real Time Economics: Number of the Week: Euro Zone Debt Is Coming Due (ht jb)

$1.65 trillion: Euro zone bank debt coming due in 2010 and 2011.
...
As investors fret about European banks’ exposures to Greece and other financially troubled countries, those banks’ borrowing costs are rising sharply. ... This year and next, some $1.7 trillion in euro-area bank debt will come due, far more than among banks in the U.S., the U.K. or elsewhere.
The results of the stress tests will be released on July 23rd.

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