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June 5th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Problem, Reaction, Solution: Spain calls for new euro fiscal authority nbsp
BIS warns global lending contracting at fastest pace since 2008 Lehman crisis
Telegraph – The Bank for International Settlements (BIS) said cross-border loans fell by $799bn (£520bn) in the fourth quarter of 2011, led by a broad retreat from Italy, Spain and the eurozone periphery. Lending to banks in the eurozone fell $364bn or 5.9pc, with drastic reductions of 9.8pc in Italy and 8.7pc in Spain. The BIS’s quarterly report said the decline in lending was “largely driven by banks headquatered in the euro area facing pressures to reduce their leverage”. Read Article
Tags: 2nd Great Depression, debt wealth, Europe, financial system
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