British banks have a lot of problems. Almost three years after the credit crunch, lending to business and homebuyers remains constrained and expensive for riskier borrowers, according to the latest reports from the Bank of England and the Council of Mortgage Lenders.
Exchange rate euro can not overcome the psychological factor. The euro is continuing, and the dollar strengthens against the background of European chaos and recession. The once mighty euro has recently reached a four-year low against the dollar may continue to fall regardless of whether it will be successful attempts to European leaders to tame rebellious debt crisis. The currency has fallen almost 4% against the dollar, and analysts predict it inevitable bleak future for the coming months, had stunted the economic problems in the region. If the recession will not be too harsh, it will likely not bring Europe into trouble.
Volcano in Iceland has become a real terrorist attack for Europe. European airlines see losses from stop flights, criticizing the actions aviavlastey and doubting that the closure of air space was needed. Major carriers have conducted dozens of successful test flights, although NATO fix the problems with their fighters.