Friday 29 July 2011

How much will the new Greek bailout cost private bondholders?

Ricardo Cabral © 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.

1 comment:

  1. 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"