Greece Sells 2 Billion Euros of 2015 Debt to Banks
December 16, 2009 at 07:38 AM EST
[Skip to the end] That spread for its own banks that it guarantees shows a serious funding issue. During a period of euro weakness funding problems could become worse and spread to other euro nations. When foreign govts. buy euros for their portfolio of fx reserves, they have to hold them in some kind of account or security. [...]