Neat overview from leMonde.fr entitled "Subprimes : 4 stratégies pour sortir de la crise". Looks more like 3 and a half; and that "Dépréciation d'actifs" graph will require an update sooner rather than later (c/f links below).

Related stories:
Europe banks set for big Q2 writedowns-analysts
UBS faces more US credit writedowns
Merrill May Take Writedown, Sell BlackRock, Citi Says


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