The war of words between Europe and private investors heated up on Tuesday as talks to reduce Greece's massive debt burden hit an impasse.
14.03.2012
The war of words between Europe and private investors heated up on Tuesday as talks to reduce Greece's massive debt burden hit an impasse.
While the finance ministers of the countries that use the euro as their currency adopted a tough stance on how much rescue money they would pump into the Greek economy, the head of the group that represents the country's private creditors — banks and other investment firms — warned that the future of Europe was being threatened if a voluntary debt reduction deal over Greece was not agreed.