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Europe Default

Banks Suffer From Fears Of Greek Debt Default

AP | PAN PYLAS | Posted 11.12.2011 | Business

LONDON — Fear that Greece will default on its debt, perhaps triggering a financial chain reaction that will cause another global recession, hurt Eur...

Italy Plans To Bolster Austerity Plan, Pass Through Parliament By Friday

AP | COLLEEN BARRY | Posted 09.12.2011 | Business

(AP) MILAN -- Italy will strengthen its package of austerity measures and get it through parliament by Friday, finance minister Giulio Tremonti pledge...

How Likely Is Default In Europe?

New York Times | Simon Johnson | Posted 05.25.2011 | Business

The big question of the week in Europe is deceptively simple -- will any countries that share the euro as their currency default on their government o...