Mar 01, 2012 08:39 EST
LONDON (Reuters) - Greece has not yet triggered payment on controversial bond insurance contracts but market participants still expect Athens' efforts to reduce its debt burden to prompt an eventual payout on credit default swaps.
Jan 27, 2012 07:48 EST
LONDON (Reuters) - Investors are betting that after cap-in-hand Greece comes Portugal, selling off its stocks and bonds in the belief that the euro zone laggard cannot avoid a default without a second bailout.
Dec 16, 2011 15:05 EST
LONDON (Reuters) - Even the safest euro zone banks could start queuing up at the European Central Bank for cash in the next few months as their massive exposure to government debt freezes them out of money markets.