Vittorio Hernandez – AHN News Athens, Greece (AHN) – A Greek official warned on Wednesday that the country might have to stop using the euro as currency and return to its old monetary system unless the stakeholders agree to a solution to the Greek debt crisis. Maria Damanaki, who is a member of the Hellenic [...]
Vittorio Hernandez – AHN News Lagonissi, Greece (AHN) – The European Central Bank rejected on Wednesday a proposal to restructure Greece’s debt. ECB Executive Board Member Juergen Stark said a Greek debt restructuring would only create a catastrophe because the move would damage the banking system. Lorenzo Bini Smaghi, another ECB board member, said the [...]
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Irish and Greek two-year notes fell and the cost of debt insurance surged on concern European Union leaders are struggling to find a solution to the fiscal crisis. View full post on All Stories
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