BUSINESS
04/27/2010 05:12 am ET Updated May 25, 2011

Greek Debt Crisis: Banks' Credit Default Swaps Making It Harder For Greece To Pay Its Debt

Echoing the kind of trades that nearly toppled the American International Group, [banks are buying] the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to traders and money managers.

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