Is the United Kingdom Triggering the Lehman Like Eurozone Liquidity Crisis?
By John Galt June 18, 2011 There is now some strong evidence to validate the headline as reported in the financial section of the Sunday June 19th edition of the U.K. Telegraph: UK banks abandon eurozone over Greek default fears Tyler Durden at Zero Hedge hinted as to the liquidity issues in a piece on the 16th titled Ice-9 Sightings: (Blank)-OIS Spreads Confirm Liquidity Freeze Spreading but until the story was published in the Telegraph the source of the drain on liquidity was difficult to ascertain but easy enough to…
