BLOOMBERG.COM European officials attempting to fend off the euro area’s first sovereign default will try to settle remaining disputes as they closed in on a 130 billion-euro Greek bailout. The European leaders including German Chancellor Angela Merkel want to wrest the common currency out of its crisis amid signs of improvement in the global economy.
Focus has returned to Greece as the threat of economic collapse and exit from the euro has stoked officials’ concern such a scenario may provoke chaos. A disrupted schedule would threaten to spark unease among investors and reverse a decline in bond yields in indebted nations such as Italy and Spain.
Focus has returned to Greece as the threat of economic collapse and exit from the euro has stoked officials’ concern such a scenario may provoke chaos. A disrupted schedule would threaten to spark unease among investors and reverse a decline in bond yields in indebted nations such as Italy and Spain.
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