Dutch give tacit approval for Greek haircuts
By Jamie Coleman || October 12, 2011 at 14:57 GMT
|| 5 comments || Add comment
FinMin spokesman says it has always been important that a solution for Greece leads to a sustainable debt levels.
For Greek debt levels to be sustainable, they will have to be slashed. In recent days, there have been rumors of haircuts of from between 40 to 60%. If the Greek debt burden is cut 50%, maybe they have a shot of servicing it…
By Jamie Coleman || October 12, 2011 at 14:57 GMT
|| 5 comments || Add comment
FinMin spokesman says it has always been important that a solution for Greece leads to a sustainable debt levels.
For Greek debt levels to be sustainable, they will have to be slashed. In recent days, there have been rumors of haircuts of from between 40 to 60%. If the Greek debt burden is cut 50%, maybe they have a shot of servicing it…
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