More generally, it is short-term, uninsured funding that would be  8  Sometimes we look to bank lending for information. Data from the stress tests suggest that the nation’s largest banks have committed about $ trillion in lines of credit to nonbanks. -9most likely to run in a future stress event, and the volume of such funding is now significantly below pre-crisis peaks.
There is something in the European system which means that growth is not converted into jobs in the same way as it is in the United States.