Moody’s Warns of Contagion Risk to European Banks

Filed in Debt, euro, moodys, New Gold, shares, Spot Gold by on May 8, 2010 0 Comments

Filed under: Market Matters , Headline News , Financial Crisis , Currency With reference to the Greek debt crisis, Moody’s said: ” banking systems faced very real common threats if doubts were raised about their governments’ abilities to pay debts.” Moody’s was referring specifically to the UK, Irish, Italian, Portuguese and Spanish banking systems. Banks shares have fallen sharply across Europe. In France, Societe Generale ( SCGLY ) was the biggest loser, with its share price falling 7%. It holds $3.8 billion of Greek government debt. Continue reading Moody’s Warns of Contagion Risk to European Banks Moody’s Warns of Contagion Risk to European Banks originally appeared on BloggingStocks on Sat, 08 May 2010 09:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Moody’s Warns of Contagion Risk to European Banks

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