Friday, January 13, 2012

Reflect This

I don't know why Greece just doesn't say... "first X billion in line gets a 40% cut, next Y billion gets 60%, the rest of you, suck on it."
Crucial negotiations between the Greek government and its private creditors on a bond swap deal needed to avoid default appeared close to collapse Friday, with representatives of private bondholders saying they had been "paused for reflection."