European policymakers are desperate to avoid any restructuring of Greek sovereign debt being classified by rating agencies as credit event-or a default. But throwing emergency cash at Europe’s sovereign debt crisis has inflamed problems, not solved them. The greater risks to the single European currency lay inside the Euro Zone’s banks and closer fiscal union might be the only way to underwrite their solvency.

20 Jul 2011Thomson Reuters

Reuters Insider analyzes the risks to pension funds of a wave of bank debt problems.