These Banks are already suffering from an inability to raise funds as American and other lenders pull their money out, leaving Europe's Banks dependent on the ECB for short-term cash.
Aid agencies, however, say that more than a short-term cash injection is needed.
The priority, in terms of stemming the panic, is to unblock clogged credit markets. In most cases that means using central banks as an alternative source of short-term cash.
You’re not going to get venture money right away, so set aside your short-term cash needs.
