So Far, Few Investors Willing to Test E.U. on Greece

Filed under: International Markets

Monday's key developments in 'As The Euro-Zone Turns':



European Union Economic and Monetary Affairs Commissioner Olli Rehn told reporters in Brussels before a meeting of E.U. finance chiefs that, "We expect that in due course the Greek government will take the necessary additional measures," Bloomberg News reported Monday.



Meanwhile, E.U. leaders gave little sign Sunday or Monday that they would alter their view that Greek-based fiscal action was the intrinsic step in the crisis' resolution, The Wall Street Journal reported Monday. (Subscription required.) Greece also may have used credit default swaps to mask and/or distort the true size of its annual budget deficit, when this tactic was legal; swaps for this purpose have since been banned by the E.U.

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So Far, Few Investors Willing to Test E.U. on Greece originally appeared on BloggingStocks on Mon, 15 Feb 2010 18:00:00 EST. Please see our terms for use of feeds.

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