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International banks back bail-out of Greece
By: Bill O'ReillyMay 3, 2010
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STORY EXCERPT
Telegraph: The Institute of International Finance (IIF), which is chaired by Josef Akerman, chief executive of Deutsche Bank, said that its board members had "agreed to play their part in supporting the Greek government and Greek banks". The 390-strong group, whose members include HSBC, UBS and Soci�t� G�n�rale, added that Sunday's agreement by the European Union and the International Monetary fund to lend ?110bn (�95.1bn) to Greece in exchange for tough austerity measures would be in the "collective interest of their institutions, stakeholders, Greece and the European and global financial systems."
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