In this special report, one can read more on the possibility of a wider banking crisis from what seems to be just a Eurozone problem.
An earlier post first touched on this.
The complex web of banking relationships within Europe inter-connects sovereign debt to foreign and domestic financial institutions alike. The ‘too big to fail’ scenario could arise once again. Not sure whether a repeat of money printing is enough to quell investor fears. Or must sufficient pain be inflicted to bring forward debt restructuring and an overhaul of fiscal deficits.