Friday, 29 July 2011

How much will the new Greek bailout cost private bondholders?

Ricardo Cabral © VoxEU.org: On 21 July 2011, the Council of the EU agreed to a second bailout for Greece. The deal was predicated on “private-sector-involvement”. This column explores what this actually means. It estimates that the haircut for private bondholders may well be one-third of the figure initially proposed. It stresses that such uncertainties could spell more trouble for Greece and Europe as a whole.
Posted by Ricardo Cabral at 16:28

1 comment:

  1. Genes de Afonso9 August 2011 at 03:03

    An interesting article that it is not about Greece but related to the issue that sparkled the current world economic turmoil - "The subprime mortgage crisis"
    http://www.dictionaryofeconomics.com/article?id=pde2011_S000547

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