Financial Paralysis Europe Short on Cash as Bond Fears Deepen

The euro zone is stuck in a double crisis. On the one hand, investors are no longer interested in purchasing sovereign bonds. On the other, banks with such bonds on their books are being treated with extreme caution. A massive financial crisis threatens -- and it could be worse than the last.
The Frankfurt skyline: European banks could be in trouble.

The Frankfurt skyline: European banks could be in trouble.

Foto: Arne Dedert/ dpa