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Old November 13, 2012, 21:35   #1
Super B
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Greece, haircuts, and changes in perspective

Taken from ekathimerini.com:

From Behind her (International Monetary Fund chief Christine Lagarde's) sharp exchange with Eurogroup chairman Jean-Claude Juncker lies a rift over whether eurozone governments need to write off some of Greece's debt to them to make it manageable. IMF officials have pressed for such a «haircut» while Germany, the biggest contributor to euro zone bailout funds, has vehemently rejected it as illegal.


Funny how PRIVATE investors were "encouraged" to voluntarily take a haircut (lose more than half their investment), while suggesting that governments do the exact same thing is decried as "illegal"................
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Old November 14, 2012, 07:46   #2
Thorack
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Well,

Zee Germans mus du everysing by zee buch. Besides I think they are holding out that the Greeks may pay them back with an island or two.

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Old November 14, 2012, 10:33   #3
gates
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If the Germans want an Island I'd suggest Santorini - beautiful sunsets.
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