It's All Greek to Me!
The talks in Greece over new debt have broken down. This is the deal where existing bond holders get shafted for about 50% and get issued new bonds. One of the stumbling blocks is over the interest rates of the new debt. The IMF and Germany are looking for rates lower than 4%, to help Greece manage their interest payments.Why not just send text messages back and forth? That's what all the kids are doing these days! Er, and probably adults, too.
posted from Bloggeroid
