- Prison Planet.com - http://www.prisonplanet.com -
Greek Euro Exit Being Considered: Former PM Papademos
Posted By admin On May 23, 2012 @ 3:07 am In Money Watch | Comments Disabled
May 23, 2012
Greece’s financial stability fund approved an 18 billion euro ($23 billion) injection of capital into the country’s four biggest banks on Tuesday and will release the funds on Wednesday, a fund official said.
At the same time, news reports quoted former Greece Prime Minister Lucas Papademos as saying that preparations for the country’s exit from the euro zone are being considered.
Papademos said such a move was unlikely to materialize but the risk is real.
US stocks  took a dive in the last hour of trading Tuesday, clipping a two-day rally, following the remarks from Papademos.
The euro extended losses against the U.S. dollar to trade more than 1 percent lower in late afternoon trade on Tuesday, which traders attributed to Papademos’ comments.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/greek-euro-exit-being-considered-former-pm-papademos.html
URLs in this post:
 Reuters: http://www.cnbc.com/id/47524590
 US stocks: http://www.cnbc.com/id/47518523/
 War-Gaming Greek Euro Exit Shows Hazards In 46-Hour Weekend: http://www.prisonplanet.com/war-gaming-greek-euro-exit-shows-hazards-in-46-hour-weekend.html
 Biggest Greek bank warns of dire euro exit fallout: http://www.prisonplanet.com/biggest-greek-bank-warns-of-dire-euro-exit-fallout.html
 Why A Greek Exit From The Euro Would Mean The End Of The Eurozone: http://www.prisonplanet.com/why-a-greek-exit-from-the-euro-would-mean-the-end-of-the-eurozone.html
 Citi Ups The Odds Of A Greek Exit From The Euro To 90%: http://www.prisonplanet.com/citi-ups-the-odds-of-a-greek-exit-from-the-euro-to-90.html
 Euro Officials Begin to Weigh Greek Exit: http://www.prisonplanet.com/euro-officials-begin-to-weigh-greek-exit.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.