chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
They are doing all they can to try to call it something else.
But.... default, bailout, or some sort of negotiated bankruptcy... seems to me somebody isn't going to get paid.
UPDATE 4-Greece to face inspectors, Merkel hints at bailout change | Reuters
But.... default, bailout, or some sort of negotiated bankruptcy... seems to me somebody isn't going to get paid.
UPDATE 4-Greece to face inspectors, Merkel hints at bailout change | Reuters
The second bailout aims to ease Greece's debt burden by imposing a 21 percent loss on private Greek bondholders.
After intensifying debate among economists and policymakers that only a 50 percent loss would make the country's debt viable, more investors have signed up to the bond exchange plan, Greek financial daily Naftemporiki reported.
Citing an unidentified finance ministry official, it said Greece's weeks-long struggle to lure private bondholders into the rescue plan had ended with it reaching the 90 percent participation target.