The slide in shares (I, II,) since the initial euphoria of the ECB's pre-Christmas generosity...

|By:, SA News Editor

The slide in shares (I, II,) since the initial euphoria of the ECB's pre-Christmas generosity could be because EU banks will use the cash to pay loans that are due in 2012 rather than to buy sovereign debt. And even if banks want to underwrite government bonds, they will apparently not be able to because of EBA criteria.