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Is this the deal or is it not?! January 18, 2012

Posted by proeconomia in Main, News on Greece, On the crisis, Opinion.

Two articles that show some optimism that the debt restructuring deal for Greece will pass through. Here is one from Bloomberg and another one from Reuters. Aside from the details here is an interesting part from a Financial Times article  that ends as this: “Most observers remain sceptical that the deal will gain 100 per cent acceptance, however. A significant minority of traders in Greek debt – known as “basis holders” – are happy to sit on the bonds they hold and wait for a default because they also own credit default swaps, which will pay out if authorities try to force their hand.”





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