Greece wants debt default guarantee By Simon Taylor 25.02.2010 / 05:19 CET Greece wants guarantees from other EU member states that they will not let the country default on its debt. The Greek government is looking for an explicit guarantee from other eurozone governments that they would not allow it to default on its debts. Greece believes that such a guarantee would help lower the cost of loans, so helping it meet its deficit reduction plans. The Greek government needs to borrow €20 billion from the money markets in April and May to replace existing bonds that are maturing. But...
