In a letter to the G-20, the IIF says EU banks will "shrink risk assets," i.e. cut lending,...

|By:, SA News Editor

In a letter to the G-20, the IIF says EU banks will "shrink risk assets," i.e. cut lending, rather than try to raise capital privately (with share prices so low), or accept state injections. The group also calls for more ECB sovereign bond purchases as well as lower policy rates. Euro headed south again. (pdf)