Europe considers Greek default, leaders to meet
BRUSSELS (Reuters) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion spreading to Italy and Spain.
Julien Toyer and Luke Baker
BRUSSELS
Tue Jul 12, 2011 6:21pm EDT
link-
http://www.reuters.com/article/2011/07/12/us-eurozone-idUSTRE7691HM20110712