Greece Gets 95% Participation in Debt Swap
Greek Finance Minister Evangelos Venizelos was quoted saying, “The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation.”
Italian 'Party of Bankers' Evokes Threats of Violence
Prime Minister Mario Monti has his hands full. Not only is he dealing with Italy’s debt crisis, but his efforts to enforce and increase austerity measures in the country, as well as his choices for cabinet members, referred to by some groups as the “party of bankers,” are escalating public...
Banks Push Back Against Greek Debt Cuts
European banks are pushing back against a plan for write-downs of Greek debt that would be great then than the 21% already agreed upon.
Greek Debt Contagion Could Top Lehman Crisis: Deutsche Bank CEO
The head of Deutsche Bank warned that if the crisis in Greece spreads to the rest of the euro zone, it could be a bigger disaster than the fall of Lehman Brothers.