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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 4 May 2012 [View all]Demeter
(85,373 posts)43. Greek Debt Restructuring Leaves Dissent Question
http://online.wsj.com/article/SB10001424052702303990604577365992964156550.html?mod=dist_smartbrief
Greece said LAST WEEK Wednesday it had completed the mammoth debt restructuring demanded by its international creditors in exchange for its new 130 billion ($172 billion) bailout, but it remains unclear what the country will do with the small group of dissenters who have refused to voluntarily sign up to the deal.
In the weeks leading up to the announcement, Greece has been talking tough, saying it won't give more favorable terms to investors that have snubbed the deal. But the prospect of forcing a restructuring on unwilling bond holders will raise questions about the precedent it sets for European government debt ...
YEAH, PRECEDENT...
Greece said LAST WEEK Wednesday it had completed the mammoth debt restructuring demanded by its international creditors in exchange for its new 130 billion ($172 billion) bailout, but it remains unclear what the country will do with the small group of dissenters who have refused to voluntarily sign up to the deal.
In the weeks leading up to the announcement, Greece has been talking tough, saying it won't give more favorable terms to investors that have snubbed the deal. But the prospect of forcing a restructuring on unwilling bond holders will raise questions about the precedent it sets for European government debt ...
YEAH, PRECEDENT...
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