Evidence the eurozone crisis is turning the world upside down: with EU banks not lending to each...

|By:, SA News Editor

Evidence the eurozone crisis is turning the world upside down: with EU banks not lending to each other, cash rich multinationals, such as J&J (JNJ), Pfizer (PFE) and Peugeot (PEUGY.PK), are stepping into the gap and are lending to banks via the repo market, Reuters reports. In one key area, corporations account for 25% of the deals.