Via @eurointelligence: The @FT reports "the issuance of senior debt by European banks has fallen to its lowest level in more than a decade. ...investors are becoming fearful of becoming bailed in. This year to date EU banks have issued $132bn in senior debt, down from $158bn over [12mo ago], and the lowest total since 2002. Investors’ appetite for subordinated debt has quadrupled to $16bn, but still shy of the 2008 record of $78bn." | A new crunch?

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