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0 ‘Lack of Trust’ Pummels Bank Lending in Europe: Credit Markets News to Gold Prices — Tags:  
Bank lending “conveys a lack of trust in the system,” said Robert Baur, chief global economist at Des Moines, Iowa- based Principal Global Investors, which manages $222 billion. “Banks are a little reluctant to lend overnight as they don’t know the full extent of what is on the bank balance sheets.”

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