Bulked up banks ready for a second storm

While European banks remain strapped to a sovereign-debt tightrope, Australia and America's institutions can rest assured that they are much better capitalised than they were when Lehman Brothers fell.

The implications of the breaking down of the austerity consensus in Europe at the weekend has created a question mark about the stability of the eurozone that won’t be answered until the nature of any new policy directions in France and Greece, and how they are to be funded, becomes clearer.


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