Showing posts with label credit default swaps. Show all posts
Showing posts with label credit default swaps. Show all posts

May 16, 2010

Greece Just Made It Personal

It's one of the ultimate acts of denial of responsibility of all time. Bloomberg is reporting that Greece is considering legal action against U.S. banks for possible contributory effect to the Greek financial crisis.  This after the European Union and the International Monetary Fund agreed to lend Greece $1 trillion to avert the crisis.  That might seem a little ungrateful, especially since the IMF money comes in some measure from the United States. Does Greece have a claim?  Ultimately, who is responsible for the failures of the Greek economy?
Related Posts Plugin for WordPress, Blogger...

Share This