Why did the sovereign debt problem of Greece which accounts for less than 2 percent of

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Why did the sovereign debt problem of Greece – which accounts for less than 2 percent of euro-area GDP–, threaten the banking system throughout the euro area?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:12 AM

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Why did the sovereign debt problem of Greece which accounts for less than 2 percent of

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Banks throughout the euro area held Greek government debt When its value fell bank capital at ...View the full answer

Money Banking and Financial Markets

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