Europe: 'Banks 'stashing money in fear of meltdown'

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"How banks store their assets in the ECB is generally seen as an indicator of a country’s financial health, he said; the more money put into the fund the more scared banks are of meltdown. 

Fitschen said that the current slump “may last several more years” and that banks were more fearful of economic collapse than during the peak of the 2008 recession."