"It won't take much for the interbank market to collapse," says the chief economist for Sweden's...

|By:, SA News Editor

"It won't take much for the interbank market to collapse," says the chief economist for Sweden's financial regulator, urging his nation's banks to prepare for further deterioration in the rest of the EU. He notes the banks are relying too much on short term borrowing, particularly in dollars. EWD -7.9%.