Soros warns Greece still at risk of debt spiral - papers

SPEAKING in London at The Economist's City Lecture, the financier said the eurozone countries and International Monetary Fund should have offered Greece "concessional rates", reports The Telegraph. "It is a question of solvency," he explained. "If you start charging very high rates as the market does in anticipation of solvency then that pushes you into insolvency." The package offers debt-ridden Greece €30bn (£27bn) from eurozone countries at rates of 5% and potentially a further €15bn from the IMF at 2.7%. Read more   A CONSERVATIVE victory would be worse for the UK banking s...