Thanks, but No Thanks German Banks Turn Their Backs on Greek Bonds

Greece needs to refinance 20 billion euros' worth of debt by May, but has found it difficult to raise money on the bond markets. On Thursday, the country delayed an issue out of fear of a ratings downgrade. And on Friday, German banks said they aren't interested in taking on more Greek debt.
Greece is having trouble raising money on the bond markets.

Greece is having trouble raising money on the bond markets.

Foto: Petros Giannakouris/ AP
cgh -- with wire reports