But that's the issue -the credit crunch is affecting ALL banks -...

But that's the issue -the credit crunch is affecting ALL banks - not just the krauts......this could drag out for longer ....will ANZ or one of the other unsecured banks who have most to lose - recommend to their boards to increase their exposure further.......unlikely.....there will be brinkmanship going on ...and because the krauts do not have a major presence in OZ they do not have extensive relationships with OZ banks.....it could get painful before it gets better