and why European assets as a % of US money market fund assets are falling. European banks are bigger than US counterparts; the world is waiting for the European Financial Stability Fund to start recapitalizing them. Unlimited ECB financing is not enough. How much risk do banks claim they have? Risk -weighted as sets as a percentage

and why European assets as a % of US money market fund assets are falling. European banks are bigger than US counterparts; the world is waiting for the European Financial Stability Fund to start recapitalizing them. Unlimited ECB financing is not enough. How much risk do banks claim they have? Risk -weighted as sets as a percentage

half alone. Meanwhile, the European banks need, we are now told, €115 billion of new capital—of which €13 billion is required by German banks. Yet the European Financial Stability Fund has been capped at E500 billion, of which more than half has already been committed. The International Monetary Fund is to be given (by whom?) just