February 4, 2010 Pimco’s Gross Says Greece, U.K Aren’t Default Risks Pacific Investment Management Co. Co-Chief Investment Officer William Gross told CNBC he doesn’t see Greece or the United Kingdom as being at risk for default. Europe’s debt crisis only...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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