Tuesday, July 5, 2011

Banks struggle with Greek bailout (AP)

German Chancellor Angela Merkel arrives for a news conference with Jean Ping Chairperson of the Commission of the African Union, not pictured, after talks at the chancellery in Berlin, Germany, Tuesday, July 5, 2011. Angela Merkel rebuffs the rating agencies central role in judging the new bailout plan for Greece that will see private creditors see share part of the burden. Merkel said Tuesday it was important that the institutions helping Greece, the International Monetary Fund, the European Central bank and the European Council, will make their own assesment regarding Greece's credit rating. (AP Photo/Markus Schreiber)AP - The eurozone's biggest banks will struggle Wednesday over how much they are willing to contribute to a new support package for debt-ridden Greece.


Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20110705/ap_on_re_eu/eu_europe_financial_crisis

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