Friday, February 24, 2012

Greece's private creditors get ' Haircut' notice of 73 to 74 percent!

The farce continues with these notices being served as Europe's financial markets close. We must wonder what other surprises might be in store when Wall Street shuts, last week it was the announcement by Mme Lagarde in Berlin that the IMF would only meet 10% of the costs of Greek Bailout 2.0!

The report on the PSI terms may be read in this summary from DW, linked here.



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