| "INDICATIONS of contagion have started to appear in other credit markets...defaults in the US markets are spreading to higher quality segments of the US mortgage market and to credit-card debt and automobile loans...balance sheets remain vulnerable to a further deterioration in the credit quality of assets..." There's more, but you get the drift of the draft report put before EU heads of government last week. |
Read the rest of the story HERE:
At business.timesonline.co.uk
At business.timesonline.co.uk
