Oct. 11 (Bloomberg) -- European leaders pushed back a debt- crisis summit amid opposition to Germany's drive for deeper- than-planned Greek bond writedowns that Luxembourg's Jean-Claude Juncker says may exceed 60 percent.Banks will fail, life savings will be lost, businesses will go under, but their recovery will finally be able to start.
When asked on Austrian television late yesterday to comment on speculation investors may lose between 50 percent and 60 percent of the value of their holdings, Luxembourg's prime minister, said "we're talking about even more." He didn't comment further.
Tuesday, October 11, 2011
Well This Is Hopeful
The Euros are finally talking about taking steps to end the debt crisis.