![]() New York Times |
Europe's Banks Turned to Safe Bonds and Found Illusion
New York Times By LIZ ALDERMAN and SUSANNE CRAIG PARIS — As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe's seemingly ironclad … Gold dips as Europe hopes dent haven appeal Political Paralysis Worsens European Debt Crisis World stocks gain amid signs of progress in Europe |