European finance ministers meet to discuss currency

European finance ministers meet to discuss currency
Tuesday, October 4, 2011 - 9:07am

European finance ministers are meeting once again to discuss the continent's ongoing financial woes. The meeting comes as regulators question the solvency of a major Belgian bank. Markets across Europe are bracing for a Greek debt default soon, despite continued assurances from the country's government.

Analysts say it is becoming obvious that Greece will not be able to repay its massive debts despite hundreds of billions of dollars of rescue loans. The realistic possibility of default is putting a crush on the euro and several top politicians are openly questioning the currency's future.

Comments News Comments

Post new Comment