European Commission Suspects Libor Scandal Run by Cartels

Do they mean central banks and usury institutions?

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“PARIS, Feb 22 (Reuters) – The European Commission suspects the existence of cartels involved in manipulating lending benchmarks such as Libor and Euribor, the EU’s antitrust chief said in a speech on Friday.

Joaquin Almunia said that, in contrast with the approach taken in the United States, EU regulators would seek to deal with all suspected cartel participants together.”

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