A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to participate in the biggest sovereign-debt restructuring in history.
Showing posts with label Greece's sovereign rating. Show all posts
Showing posts with label Greece's sovereign rating. Show all posts
March 05, 2012
Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy
Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc of GDP in 2012 - more than 30pc higher than the 4.4pc target agreed by Brussels.
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