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By Marlene Y. Satter, AdvisorOne |
November 3, 2011
As eurozone ministers pressured Greek Prime Minister George Papandreou to drop plans for an announced referendum on the country's latest negotiated rescue package, they made their priorities clear at a midnight news conference following a grueling crisis meeting in Cannes. Their pressure apparently worked as Papandreou backed off his call...
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By Marlene Y. Satter, AdvisorOne |
July 19, 2011
Two days before a summit meeting in Europe to discuss a second rescue package for Greece, a confidential paper outlined some of the strategies being considered to stem the tide of debt. These strategies included a tax on euro zone banks and loans with longer terms and lower rates.