torsdag 11 augusti 2011

Banks in Asia review credit to French lenders

Well if Asian credit lines woulf be cut to French banks well then were in for a ride..probably far worse that if France lose its AAA rating..Lehman.. , bailout.. anyone?

Aug 11 (Reuters) - One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.

The Chinese do have a problem right now as they avoid the dollar, have been active in the Euro but now thats probably a lesser attractive call, Swiss franc way to smal of a market. So only option left for them is to invest in their own currency..and thus the Renminbi appreciates.

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