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Banks: The Big Picture

The Macro Trading Floor

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The Liquidity Crisis in Europe

I simply struggle to see the perspectives or the underlying fundamentals that could create such a liquidity crisis in Europe. I'm not sure that we will not see a credit crisis in Europe, because if we write that credit standards will be tightened much more,. European banks with major exposures to real estate and stuff like that will still suffer - even though it's not a liquidity crisis. Andreas: If you see the set of market pricing today in markets, what do you make of it? How do you behave looking at the set of information we have as we speak?

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