U.S. Money Funds Risk Losses If Europe Sparks ‘Wildfire'

U.S. Money Funds Risk Losses If Europe Sparks ‘Wildfire'

Kostas Tsironis/Bloomberg

European Union leaders vowed June 24 to prevent a Greek default as long as Prime Minister George Papandreou pushes a $78 billion euro ($111 billion) package of budget cuts and asset sales through Parliament this week.