Greek officials scrambled over the weekend to prevent the country’s financial system from collapsing in panic, with banks in the eurozone nation staying shut on Monday. The capital controls, designed to prevent badly needed currency […]
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Tag: Greek
Puerto Rico Warns Of Government Shutdown Due To Liquidity Crisis
Two months ago Puerto Rico’s third largest bank, Doral, failed. The event cost U.S. taxpayers $750 million in the process. Doral Bank wasn’t alone in having a Non Performing Loan ratio bordering on 40% – […]