85.5% of Greek bondholders concede to EU blackmail!
In the report from the Daily Telegraph, comes this particularly amusing quote:
Ambrose Evans-Pritchard describes the reality of the illegalities more clearly in his column, linked here. It begins with an apt quote, a phrase perfectly applicable for the EU itself, to my mind - "The rule of law has been treated with contempt".
Evangelos Venizelos... the Greek finance minister said it was an embarrassment that six out of 15 state-controlled pension schemes – including one that serviced his own ministry – were withholding their support hours before the deadline. “When pension funds in other countries that invested in Greek bonds are taking a haircut, how can our own funds refuse to join in?” he said.
Labels: Greek haircut