Loans and Finance

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Wednesday, February 01, 2012

Greek Haircut 70%

Andrew Neil has just Tweeted:

Andrew Neil
Greece supposedly one step away from a 70% haircut for private bondholders. Orig meant to be 50%. But will all bondholders agree?
 
I noted in September last year that if a deal is ever done, the haircut would be 80%.

Don't believe for one minute that a deal has been done, until a signed agreement has been published that stands up to rigorous scrutiny.

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