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Why should we care whether European banks get access to dollars or not?

Hello? <facepalm>

Because they have large asset portfolios denominated in US Dollars which require access to dollar funding?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 07:18:02 PM EST
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