European Banks Have Until 1/20/12 to Detail Fundraising Methods to the European Banking Authority

“………..Some analysts have called banks the canary in the coalmine, saying that they can predict whether the economy will recover or whether it will get worse. ButRalph Silva, research director at SRN, said banks are more than that.

“I don’t think they’re the canary right now, I think they’re actually the grenade because they are the ones that are going to fix this or make it worse,” he told CNBC in an interview…..”

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