With talks between the EU and Greece reaching the boiling point, the former White House Budget Director warned that the Greek crisis is now a threat to the entire global financial system.
Former White House Budget Director, David Stockman: “The Greeks owe something like $350 billion. $60 billion of it is owned by Greek banks. The rest of it is (owned by) the EU — $210 billion — and another $30 or $40 billion by the IMF.
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