We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

The big picture

5 Sep 2008 By Edward Hadas

European bank shares tumbled on Thursday when investors freaked out over the ECB s mild tightening of collateral rules. The Korean won and rouble are under exaggerated pressure. But overreactions can t be avoided in a great global deleveraging. They just make the situation worse.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)