Will Europe bail out Greece?
Greece continues to be the boiling point in Europe. And while it appears Greece will receive another traunch of money to keep it from defaulting, the bailout undoubtedly will mean more pain and suffering among the European banks and private debt holders. The question that remains is whether the EU will add enough capital to the European banking sector to enable it to take that so-called “haircut” on a Greek renogeotiated debt deal.
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