NYTIMES/ Overview and Analysis/ Fear in the financial markets is rising again after a brief respite because of a belief that intertwined EU banks could cripple economic growth. Big banks in France and Germany hold billions in bonds from shaky neighbors like Spain, Portugal and Greece. A sure sign of insecurity, the LIBOR, is rising. “This bailout wasn’t done to help the Greeks; it was done to help the French and German banks,” claims conservative economic historian Niall Ferguson. “They’ve poured some water on the fire, but the fire has not gone out.”
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