80% of EU banks' 2011-maturity debt already issued
JP Morgan on Wednesday made a few hopeful remarks on EU banks’ financing needs by 2012 (not as dire as everyone believes) that our readers may want to savour. A couple of truths for a start, though: “Ideally, banks should use as little as possible repo windows such as the recent three months-dollar one because it would restore confidence, despite delivering in the short term a fix for dollar-funding problems…