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Tag: Greek Banks

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Moody’s Keeps Junk Rating For Greece Debt

Moody’s has maintained its deep junk “Caa3” credit rating for Greek government debt, but has upgraded its outlook following recent political breakthroughs. “Moody’s Investors Service has today confirmed Greece’s government bond rating at Caa3 and changed the outlook to stable,”

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EU Could Force Britain to Pay £850m to Bail Out Greece

Britain could face a bill of up to £850m for latest Greek bailout as European leaders desperately search for money for the heavily indebted nation. Although Britain is signed up to an emergency EU fund, Prime Minister David Cameron believes

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Reform Or Else: Germany Warns Greece And a Divided Europe

Germany is demanding new coercive powers to legally compel, or “force member states,” to abide by structural reforms and binding EU-IMF fiscal “programmes”. This pits Europe’s economic powerhouse against France, a country with a record of failing to follow EU