We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Reasons to be fearful

26 Apr 2010 By George Hay

French and German banks hold almost half of Greece’s sovereign debt. A default would be painful but manageable, assuming a haircut of around 30 percent. The bigger concern for all European banks is if the contagion spreads to other Eurozone countries particularly Spain.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)