Greece CAN go it alone
May 03, 2010 at 08:51 AM EDT
Greece CAN Go it Alone Yesterday at 5:00pm By Marshall Auerback and Warren Mosler Greece can successfully issue and place new debt at low interest rates. The trick is to insert a provision stating that in the event of default, the bearer on demand can use those defaulted securities to pay Greek government taxes. This makes it [...]
