Thursday, 21 July 2011

Europe said to accept temporary Greek default in rescue

BRUSSELS (Reuters) - Europe is willing to let Greece default under a crisis response that would involve a bond buyback, a debt swap but no new tax on banks, EU sources said as euro zone leaders began a crucial emergency summit Thursday. A draft summit statement obtained by Reuters showed leaders ...

Related News:-

  • Europe battles over Greek rescue solutions


  • Plans on a new rescue package for debt-ladden Greece continue to take shape, with rumours pointing at a total disbursement worth between 80 to 100 billion euros. The ...
  • Greek Default Watch


  • A blog about Greece's need to create a sustainable economic path for itself – and to do so quickly, in difficult circumstances, and under great pressure.

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