Announcement

Collapse
No announcement yet.

How the Greeks might default

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • How the Greeks might default

    Rather than default on Government debt, the Greeks might declare their interest rate swaps illegal or invalid, since that is where much of the losses seem to be hidden. Nobody will mind screwing the counterparties in this case.
    Just a thought.
    It's Economics vs Thermodynamics. Thermodynamics wins.

  • #2
    Re: How the Greeks might default

    Originally posted by *T* View Post
    Rather than default on Government debt, the Greeks might declare their interest rate swaps illegal or invalid, since that is where much of the losses seem to be hidden. Nobody will mind screwing the counterparties in this case.
    Just a thought.
    Interesting post on this today from ZeroHedge

    http://www.zerohedge.com/article/tit...destroy-greece

    Comment

    Working...
    X