Yet the euro should, by the same token, make credit risk more, not less, of an issue.

ECONOMIST: Financial markets and the euro

Each one is stuffed with several hundred tiny glass spheres or shards, of random size and glued in place in a random pattern so that each token, which can be inserted in a credit card, is unique.

FORBES: Magazine Article

Admittedly, however, bank managers have yet to pluck up courage to lend more than token amounts to deserving non-state firms one reason why China's credit crunch has proved so persistent.

ECONOMIST: Problems left over from history