Tuesday, June 28, 2011

The Financial Crisis in Greece

(openPR) - Dominating the headlines, the financial crisis in Greece has resulted in split opinions and the effects it will have in Britain and across Europe.

There are now worries about Italy, as their banks stocks were suspended on Friday following a steep drop in their share prices. There are also concerns that Italian banks face possible ratings downgrades.

The Duetsche Bank said: “The recent weakness has put Italy's structural problem in focus. This situation is so unique that to say that Spain, Italy and even other seemingly 'safer' countries will avoid the sovereign crisis might just be hopeful given we've never been here before. No-one has a template for such an environment.”

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