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Fitch warns any Greek debt rollover would be treated as a default
"Any voluntary rollover of Greek debt would be treated as a default, Fitch Ratings has warned, mounting pressure on European policymakers hours before Greece's Prime Minister faced a confidence vote. Greece is struggling to implement a deeply unpopular fiscal austerity plan necessary to win the next tranche of emergency aid from the European Union and International Monetary Fund. "The essence of the problem ... is that Greece needs new money," Andrew Colquhoun, head of Asia-Pacific sovereign ratings with Fitch, said at a conference in Singapore. "Fitch would regard such a debt exchange or voluntary debt ... (full story)
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- Jun 21, 2011 5:31am Jun 21, 2011 5:31am
- nonpersoldi
- | Joined Jan 2009 | Status: Member | 88 Comments
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- Jun 21, 2011 5:56am Jun 21, 2011 5:56am
- afos
- | Joined Jan 2011 | Status: Member | 1 Comment
If ask a silly question.. forgive me!i'm just confused again!