Bundesbank says Italian and Spanish banks still hooked on home state debt

BundesbanksaysItalianandSpanishbanksstillhookedonhomestatedebt
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The Bundesbank always like to spoil the party. Tucked away on page 33 if its November monthly report is a reminder that the banking systems and sovereign states of southern Europe remain stuck in a vicious circle: Italian banks have increased their holdings of Italian public debt from €240bn to €415bn since November 2011 (+ […]

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