Greek Debt Swap Counterparty Risk May ‘Spook’
The late-night talks in Brussels were delayed after German Finance Minister Wolfgang Schäuble had to be taken to the hospital following an allergic reaction to medication he is taking. He was replaced at the meeting by Interior Minister Thomas de Maiziere. Schäuble is set to be released from the hospital on Monday.
Financial Crisis Tests Germany’s Ability to Lead
A Trillion for Europe, With Doubts Attached
Debt Aid Package for Europe Took Nudge From Washington
European Debt Woes Punish Corporate Borrowers: Credit Markets
Strauss-Kahn’s Greek Aid Plan Is Mission ‘Improbable’ for IMF
'The Rescue Package Has Bought Nothing But Time'
In Greek Crisis, Some See Parallels to U.S. Debt Woes
Moody’s Downgrades $28 Billion of Greek Securities
The Last Opportunity for a Strong Currency
Euro touches four-year low against dollar
2010-06-24
U.S. Stocks Fall as Greece Swaps Surge to Record
"Credit-default swaps on Greece rose 38 basis points to an all-time high of 970 basis points, according to CMA DataVision. Contracts on Portuguese government securities climbed 16 basis points to a two-week high of 336.5, while Spain rose 4 to 269."
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