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Greece’s debt crisis is ‘not over’ yet as the rescue package amounts to just 30 billion euros ($40 billion), said V. Shankar, Standard Chartered Bank’s incoming CEO of Middle East, Africa, the Americas & Europe.
“What scares me, disappoints me, the public does not have faith in the marketplace,” she said. “You don’t see the same public trading that we’ve seen. We’ve got to get that back. Public investors are responsible for a lot of the success of this country.”
Siebert Calls for Transparency
Is Greece at the Tipping Point?
Before Greece’s 6-month bill rate blew out to alarming record levels, Marc Chandler, Global Head Currency Strategy at Brown Brothers Harriman, thought Greece could muddle through—but not any more.
A senior U.S. Federal Reserve official said on Wednesday that interest rates kept too low for too long encourage risky financial behavior and recommended raising borrowing costs to prevent another boom and bust.
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