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Outfoxing the Greeks

Outfoxing the Greeks

Eurozone and Greece

Eurozone and Greece

There are times when it pays to be hard-assed, get good legal advice – and never trust any government’s promises.

When Eurozone governments restructured Greece’s government debt a few months ago, they tried to force all private-sector investors to accept a big “haircut,” or loss of interest and capital, by exchanging their original bonds for new paper worth much less. [Read more…]