Relevant:
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- Derivatives Overseer Rules Greek Debt Swap a "Credit Event," Leading to CDS Payouts
- Roubini Eyes "Perfect Storm" and Bond Market Revolt; German Central Bank Says Greek Default Would Not Destabilize the Euro; Time to Short Treasuries?
- Greek Crisis Raises New Fears Over Credit-Default Swaps
2011-09-20 — bloomberg.com
"Germany's bad banks, backed by the state to prevent the collapse of Hypo Real Estate Holding AG and WestLB AG during the credit crisis, would be the hardest hit in the event of a Greek default, leaving taxpayers to shoulder the bill a second time."
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