FT Alphaville � German exposure to Greece, a bad bank tale [updated]
FT Alphaville � German exposure to Greece, a bad bank tale [updated]
Northern European bank (and sovereign) exposure is the real reason why bondholders can't take a haircut on Greece. If this goes bad, it could be a disaster for the whole Euro zone. I'm not sure what the solution is going to be or how this plays out, but the 3rd and 4th order results could be bad.
Northern European bank (and sovereign) exposure is the real reason why bondholders can't take a haircut on Greece. If this goes bad, it could be a disaster for the whole Euro zone. I'm not sure what the solution is going to be or how this plays out, but the 3rd and 4th order results could be bad.
posted by Spud at 4:07 PM
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