Have inflation “repay” Greek debt and growth reduce indebtedness
ATHENS | By Klaus Kastner via Macropolis | Greece may have another way to tackle debt in the long term.
Greek bond haircut
Lose any hope of escaping a stern haircut on Greek debt holdings
By Juan Pedro Marín Arrese, in Madrid | Those hedge funds resisting debt restructuring shouldn’t nurture any hope to save their money. The titles they hold might be governed by international law. But should Greece turn off the tap, counting on CDS to fill the gap might prove a delusion. Credit default guarantors have already warned they will simply fail to respect commitments entered. The ensuing claims might fatten law…