Just a brief update on the Greek debt situation. It appears as if there are a number of holders of Greek debt who might refuse to accept the Greek offer of a 70% cut. The bond holders include some Greek banks and pension funds who might refuse in order to trigger the credit default swaps they had previously purchased. We will find out at 3 pm on Thursday what the final percentage of bondholders who will accept the deal actually is. Here’s one version of what to expect (warning: Mish’s blog is extremely ideological but always fun to read)
- Comment
- Reblog
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
World Politics News 
Leave a comment