February 8, 2012 EU Says It’s Not Ready to Contemplate Greece Leaving the Euro The European Commission said it is united in wanting to keep Greece in the euro and isn’t mulling a Greek exit. “This is not a scenario...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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