(Reuters) - Euro zone countries will ask banks to accept losses of up to 50 percent on their holdings of Greek debt, officials said on Wednesday, as part of a grand plan to avert a disorderly default and try to end a crisis that threatens the world economy.
(Reuters) - Euro zone countries will ask banks to accept losses of up to 50 percent on their holdings of Greek debt, officials said on Wednesday, as part of a grand plan to avert a disorderly default and try to end a crisis that threatens the world economy.
Wonder if the Banks will #OccupyGreece!
this made me lol
_________________ stop light plays its part, so I would say you've got a part
its so sad to see how the greek are going to a massive crisis like we had here in argentina because of the FMI plans, its incredible they think thats the solution even when there are so many examples of the opposite.
Joined: Thu Dec 16, 2004 1:54 am Posts: 7189 Location: CA
VinylGuy wrote:
its so sad to see how the greek are going to a massive crisis like we had here in argentina because of the FMI plans, its incredible they think thats the solution even when there are so many examples of the opposite.
I understand that Argentina's currency and credit rating did recover after a reasonable period, but has the government really undertaken the necessary reforms? Didn't they take over private pensions just a couple of years ago?
Joined: Thu Dec 16, 2004 1:54 am Posts: 7189 Location: CA
simple schoolboy wrote:
VinylGuy wrote:
its so sad to see how the greek are going to a massive crisis like we had here in argentina because of the FMI plans, its incredible they think thats the solution even when there are so many examples of the opposite.
I understand that Argentina's currency and credit rating did recover after a reasonable period, but has the government really undertaken the necessary reforms? Didn't they take over private pensions just a couple of years ago?
This is even further from the thread topic, but it is Argentina related. One of my coworkers is the daughter of a south american missionary (apparently she has dual colombian- us citizenship because they are cool about that kind of thing) Anyhoo, she spent several of her formative years and thought that I had made up the Falkland Islands war.
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