February 13 2010 ‘Euro Is Sound,’ ECB’s Draghi Says as He Urges Greek Budget Cuts European Central Bank council member Mario Draghi said the euro remained “sound” after the European Union pledged to support Greece in a bid to ease...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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