Outfoxing the Greeks
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…]
