European banks loaned hundreds of billions of dollars to European governments and thought they were sure to be paid back. But with doubts mounting about whether Greece and other cash-strapped governments can pay off their debts, the banks could be looking at a huge hit. That’s sparked debate over whether the banks should be putting aside more capital as a buffer against those possible losses. Read related article.

Source: European Banking Authority | Todd Lindeman/The Washington Post September 14, 2011
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