20111207 Follow Me 211 Bank announces crisis lending facility

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Banking system is important for stability. Efforts should be made soon!

The world economy hit bottom again, crisis or worse！

At this critical time, banks should stand out and offer more facilities to help Euro zone out of the crisis. At the same time, banks should be prudent at managing their own risks. Otherwise, it will be a real tragedy to the whole world.

seesee

其实欧元区现在的借贷危机在其成立之初就埋下了隐患，要很好的解决这个问题只能从最根本的体质设立上来改善了，不然这种局面将很难挽救!

好。

A new facility, a month-long sterling loan, is to be launched to solve the potential fund risk in euro area. Although it may not be so useful because large amount of debts will be due in 2012 and the new facility is not expected to meet that large demand, it really provides new ways to loosen liquidity tense. There has been  another similar facity, the discount window, which renders gilts instead of cash with the potential risk of reputation. The month-long loan new facility aims to provide for a rainy day with  a penalty rate of at least 125 basis points above its benchmark rate of 0.5 per cent compared to the interbank rate of 0.75 per cent for unsecured loans.

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national-debt crisis will impact the world's economy. especially for developing countries, it's a good topic and material shown on this forum.