Bloomberg News

Greece Judged Unlikely to Get Bank Loans, Die Welt Reports

February 28, 2012

Large banks won’t lend money to Greece anytime soon, given the losses they’ve incurred, Die Welt said, citing a confidential report by the Institute of International Finance that it obtained.

The financial industry may also be less willing to lend to Portugal, Ireland, and Spain in the coming months, given that these countries are struggling to meet savings goals, the newspaper cited the report as saying.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus