January 14, 2010 Trichet Says Greece Won’t Receive ‘Special Treatment’ European Central Bank President Jean-Claude Trichet said Greece won’t win any special treatment from European officials, increasing pressure on the country to cut the continent’s biggest budget deficit. “No government,...Read more »
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Financial markets are on the edge as investors await a solution to the European debt crisis. This blog examines the banks that hold billions of euros worth of Greek, Italian, and other sovereign debt; the governments that must pay off or refinance that debt; and the implications for the worldwide financial system if they can't.
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