EU wants 60% haircut on Greek debt,private banks offer 40%...

Discussion in 'Wall St. News' started by ASusilovic, Oct 25, 2011.

  1. Financial companies, represented by the Washington-based IIF, proposed a loss of 40 percent on Greek debt, said a person briefed on the matter who declined to be identified because the talks are confidential. Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said yesterday that talks on private-sector involvement in a second aid package for Greece are focusing on losses of 50 percent to 60 percent.
  2. dtan1e


    the fact that the equities market keeps going up with such fundamentals obviously shows that 60% is too low
  3. How will banks suffer a loss when they're later recapitalized by taxpayers?
  4. The politicos doing this probably never thought of the consequence -

    The private investors, who are the ones wanted badly by the euro zone officials, will never buy the b.s. bonds / debt issues from this upcoming b.s. whatever save the day solution.

    If these politicos can call for a haircut like this to the bank, they would obviously do the same to the private investors in the future.