Daily Archives: July 22, 2011

There must be enormous relief in Athens right now. The anxiety and tension amongst bankers and senior politicians, in the early part of the week, was palpable. Many feared that if the euro-summit went badly on Thursday, you could have a bank-run in Greece by the end of the week. “Friday could be a very difficult day”, said one Greek financier to me, sighing deeply. Well, Friday has come and everybody is still standing – for now. Read more