The EU Banking System Is In Big Trouble PDF Print E-mail
From Bloomberg News: "European lenders had $2.29 trillion at risk in Greece, Italy, Portugal and Spain at the end of 2009, including loans to governments, according to the Bank for International Settlements . ... That would increase demand for Greek exports and improve tourism. This is the best solution for Greece. So, where's the crisis? If Greece, Portugal and Spain, leave the EU and restructure their debt, banks in Germany and France will default and bondholders will ...
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