Greek Credit Writedown! Finally…
February 21, 2012 at 08:22 AM EST
The just announced 2GB — Second Greece Bailout — is a misnomer. We wouldn’t exactly call a deal where private creditors reschedule all maturing bond payments for the next ten or so years into a 30-year bullet with a 50+ percent effective haircut a bailout! We’ll leave history to judge this deal and it doesn’t [...]
