兴业银行表示已经于2011年7月1日至11月1日期间将有毒资产敞口减少了100亿欧元,税前损失1.21亿欧元,然而仍对欧猪五国(GIIPS)主权债务存在34亿欧元的敞口。
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Yet, the globalization of finance means that no major country goes unscathed by a GIIPS restructuring.
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Second, he needs to mark all GIIPS banks to market, imposing haircuts on non-depository creditors.
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Hence, GIIPS central banks can effectively force the Bundesbank, et al. to lend to GIIPS banks, non-banks, and households.
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