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Is Europe Getting Ahead Of Itself As Excess Cash In Euro Banking System Drops To Post-Lehman Low
If there is another systemic risk flaring episode, and Ireland is most certainly shaping up to be the next Greece and Portugal, just how will banks proceed to raise much needed liquidity, which has dropped from nearly €400 billion in late Q2 2010 to just above zero, and the lowest since the Lehman bankruptcy.
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