Posts Tagged ‘emu-wide’

German push for Greek default risks EMU-wide ‘snowball’

Ambrose Evans-Pritchard London Telegraph October 11, 2011 Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it is “more likely than not” that investors […]

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