The First Casualties; Greek Banks  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8738 (Jun. 2011), page 77-78.
Topik: Banks; Economic Aid; Credit Ratings; Sovereign Debt; Economic Crisis

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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A messy end to Greece's debt crisis seems ever more plausible. Standard & Poor's recently slashed the country's credit rating to the lowest notch above an actual default. Violent protests against a fresh round of austerity measures scarred Athens on June 15th. And dissent among European policymakers about how to involve private creditors in a new rescue package for Greece rumbled on. Much of this debate centres on whether a restructuring of the country's debt would spark wider contagion. Greek banks have had a surprisingly good crisis given the country's economic woes. Most were profitable last year. Several have managed to raise capital in recent months. Their vulnerability stems from their exposure to Greek government debt, which stands at about EUR 70 billion, an amount that is roughly twice as large as their equity cushions.

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