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Page 2 - Bank Refinancing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Performance Shipping : s/ Andreas Michalopoulos

Detailed text transcripts for TV channel - FOXNEWS - 20111025:20:25:00

just a lost squabbling. a summit tomorrow of the finance economy ministers has been scrapped because they don t have the fine details of the debt ceiling planned. now, a meeting of eu and eurozone leaders will go ahead but all we will get is broad framework ideas for how to address three main things: we have the bank refinancing, recapital savings of the banks, and, also, boosting the firepower of the eu bailout fund. how is that bailout fund going to be used and funded in the first place? and of course we have what about the people holding the greek debt. they have to take a hair cut. in july it could have been 21 percent and now it could be 50 percent or 60 percent. but this still has to be decided. the devil is in the details and as we have seen on and on and on and on and on they cannot agree

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