Celebrating Euro 2004
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Troubled Euro-Zone Countries Owe Trillion to French and German Banks
French and German banks are more exposed to the euro-zone debt crisis than the banks of any other nations, according to a new report.
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Tensions are running high in the euro zone as the common currency plunged to a ten month low against the dollar following Germany’s unwillingness to rescue struggling Greece. This comes as EU leaders prepare for a two-day summit in Brussels where they will discuss how best to help Athens. Germany, Europe’s largest economy, opposes the idea of any European bailout and wants Athens to turn to the International Monetary Fund instead. RT talks to global commodities investment guru, Jim Rogers.