Argentina

Financial Times Flight from money market funds exposed to EU banks By Michael Mackenzie and Nicole Bullock in New York Investors are withdrawing cash from money market funds heavily exposed to short-term debt issued by European banks out of fear that a Greek default could spark contagion across the region’s financial sector. At the same time there is increasing reluctance among US banks to lend to their European counterparts in the past two weeks because of growing worries over Greece, according to brokers and bank traders. This could lead to short term liquidity crisis for European banks perceived to be … Read more