Sentences with phrase «greek debt they hold»

Not exact matches

In October, the European Union pledged to write off 100 billion euros ($ 127.8 billion) of Greece's debt if bondholders would agree to voluntarily accept 50 percent losses on their Greek holdings.

What really triggered the equity sell - off was fear over the solvency of French and Italian banks holding large amounts of Greek, Irish and other poor quality sovereign debt.

The Greek prime minister was accompanied to Rome by Finance Minister Yanis Varoufakis, who held talks with Italian counterpart Pier Carlo Padoan, whose office said afterward that spurring economic growth must be a priority in efforts to resolve Greece's debt crisis.

Staff economists blamed pressure from eurozone countries protecting their own «banks [that] held too much Greek government debt.

Should Greek voters reject the austerity plan, it could lead to a messy default on the country's debt that would likely cause massive losses for banks that hold Greek bonds - and possibly spark a wider financial crisis that could send Europe into recession.

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