U.S. money-market funds - heavy lenders to European banks - are now pulling back amid jitters...

|By:, SA News Editor

U.S. money-market funds - heavy lenders to European banks - are now pulling back amid jitters about their health and the ability of eurozone governments to backstop them. Europe's banks hold about $2.5T of debt issued by governments and companies in Greece, Spain and Portugal, leading RBS's chief economist to comment: "Make no mistake: This is big. We're talking about systemic risk."