January 28, 2010 Papandreou Says Greece Won’t Seek Loan From EU Partners Prime Minister George Papandreou said his country doesn’t need to borrow from European partners to finance its budget deficit, the second denial in as many days that Greece...Read more »
Posted in bailouts, budgets, European Union (EU), Greece| 0 Comments
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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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