Tuesday, May 18, 2010

Greece Considering Legal Action Against U.S. Banks for Crisis

GREEK REPORTER USA: Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou (photo) said.


“I wouldn’t rule out that this may be a recourse,” Papandreou said, in response to questions about the role of U.S. banks in the crisis, in an interview on CNN’s “Fareed Zakaria GPS.”

US stocks fell and the euro slumped on concerns Europe would not be able to contain the debt crisis stemming from Greece. >>> Apostolos Papapostolou | Sunday, May 16, 2010