Guardian Live - Euro: Reports that a deal between the Greek Government and its bond debt holders could come in days. This is starting to look like a soap opera folks, every few days you get a report either in the Guardian or the NYT that a deal is on the way, and thus far no deal. Also will all the debt holders take the deal, if your insured as the hedge funds are it would better to take the insurance, there is always the chance that this deal wont work and the EU/IMF/ECB will placing pressure on Greece to do a new deal. Lets see the details folks, do a 100% of the debt holders sign up, who invokes their insurance that Greece has defaulted. Its all in the small print folks.
Tuesday, January 31, 2012
Greece Latest - Eurozone Crisis
Guardian Live - Euro: Reports that a deal between the Greek Government and its bond debt holders could come in days. This is starting to look like a soap opera folks, every few days you get a report either in the Guardian or the NYT that a deal is on the way, and thus far no deal. Also will all the debt holders take the deal, if your insured as the hedge funds are it would better to take the insurance, there is always the chance that this deal wont work and the EU/IMF/ECB will placing pressure on Greece to do a new deal. Lets see the details folks, do a 100% of the debt holders sign up, who invokes their insurance that Greece has defaulted. Its all in the small print folks.
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