Registered: Sep 2008
09-07-11 07:31 PM
Quote from zdreg:
except for martinghoul, who enjoys being bitchy, but at least can be tolerated because he is knowledgeable, people who use obscure acronyms are usually clueless and trying to hide it.
sdrm- Sovereign Debt Restructuring Mechanism
No. I just used it to shorten it.
I think the main problem with the current system is it has a huge maturity payout. If they included the principal repayments with the interest payments it would make the payment more flexible.
I don't know if that would work in Greece but other countries Britain for example could benefit.
Also my main gripe is that the repayment is based principal investment. This is not viable as global production declines.