Global Financial Stability Update: IMF says PIIGS countries in Eurozone will have to refinance €300bn in maturing bonds in H2 2010
Jul 8th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global Financial Stability Update: The IMF (International Monetary Fund) says in an update of its April report on the global financial system that the Eurozone countries struggling with high public debt, known as the PIIGS (Portugal, Ireland, Italy, Greece and Spain) will have to refinance €300bn in maturing bonds in H2 2010.