Posted by Unknown
Here are a few excerpts from this morning's Wolf on Wall Street Analysis of the Greek Debt DealJust reading the financial media, you would think all is done, all is well, that is not at all what was said in the Finance Minister's statement last night. A few key take aways:-A successful PSI operation is a necessary condition for a successor program.
The Eurogroup acknowledges the common
Posted by Unknown
Analysis from Wolf on Wall Street
In Friday's "Bonds In the News" post here's an excerpt of what I saw as the ramifications of the ECB bond swap:
"The ECB has swapped their Greek bonds for the new bonds, no write down, no CAC clauses. In essence, the 50 year old concept of eqaul treatment for creditors was just thrown out the window as PSI (Private Sector Involvement) will (if Greece gets the
