They will also have to provide more capital against such assets as government debt, hitherto regarded as risk-free, and increase the amount set aside for foreign-exchange dealings.
And the European experience has already taught investors what even a small dose of sovereign risk can do to credit and equity markets especially to counties with heavy foreigndebt.
And the European experience has already taught both parties what even a small dose of sovereign risk can do to credit and equity markets especially to counties with heavy foreigndebt.