I just know its going to get busy once Tokyo comes in (well, here’s hoping …). So something to keep us going, from the Australian Financial Review:
- The German central bank, the Bundesbank announced last night they had doubled its ‘risk provisions’ to cover possible losses
- Risk provisions (the money it sets aside to cover losses like a default on euro zone bond holdings – its OK Greece and Italy, we’re not looking at you … no, really …) doubled to €14.4 billion from €7.7 billion a year ago
- Buba president Jens Weidmann said: “The crisis is not yet over despite the interim calm on financial markets”
