Relevant:
- Tentative Deal on Greek Debt Crisis Is Reached, but Long Road Remains
- Greece faces permanent crisis as IMF warns bail-out plan 'simply not credible'
- Respite for the Euro: Greece Dodges Insolvency by Passing Austerity Package
- Gold Advances for First Time in Four Days on European Sovereign-Debt Woes
- Somebody's Going to Suffer: Greece's New Austerity Measures
2011-07-01 — creditwritedowns.com
``The bottom line is that the banks will still be exposed to losses on Greece but their loss risk is lessened by this deal. Meanwhile, Greece still must deliver on an austerity package which is not credible or likely to be politically acceptable for long.''
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