Friday, January 27, 2012

Whatever happens in Greece may now be a credit event!

Well round and round it goes! It now appears from this report in the San Francisco Chronicle, just updated, that while only 50% of private participation in the bond roll-over might be voluntary, the "authorities" are no longer so concerned about it being a credit event and thus triggering a pay off on outstanding Credit Default Swaps.

The suppositions continue, even while now apparently reversing direction!



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