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With Greece's debt-swap deadline a mere day away, posturing continues from both bondholders and...

With Greece's debt-swap deadline a mere day away, posturing continues from both bondholders and Greek officials, but some of the largest private holders are falling in line. SocGen, Assicurazioni Generali and UniCredit all say they'll participate in the swap, as will Greece's six largest banks.
Comments (6)
  • thechaser
    , contributor
    Comments (468) | Send Message
     
    you think?
    7 Mar 2012, 05:53 AM Reply Like
  • User 353732
    , contributor
    Comments (4823) | Send Message
     
    One part of the Greek Regime agrees with another part to exchange a large financial lie for an even bigger one.
    7 Mar 2012, 06:05 AM Reply Like
  • monsieurmarket
    , contributor
    Comments (265) | Send Message
     
    read between the lines: SOME
    7 Mar 2012, 09:31 AM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    Arguably the March 7th news (see links below) from Europe indicates that a sufficient but not large proportion of the private holders of Greek sovereign debt will tender their bonds for swap by the deadline. Note that several Greek pension funds are taking political action at the behest of the unions they represent by refusing to participate as is the major German newspaper Bild by its symbolic stand.

     

    http://bit.ly/AgDRfq

     

    http://bit.ly/xftxsa

     

    http://bit.ly/Ab7x1e

     

    http://bit.ly/w5lPT1

     

    http://bbc.in/xfuQor
    7 Mar 2012, 10:15 AM Reply Like
  • Snakeeyes
    , contributor
    Comments (47) | Send Message
     
    Then what explains the 1,110% Greek 1 year yields and the booming margin calls on ECB deposits?
    7 Mar 2012, 10:26 AM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    The focus of attention this week relates to Greek sovereign debt that is governed by Greek domestic law and held privately. There is, of course, further outstanding Greek sovereign debt held privately that was sold under internationally-accepted English law and which therefore is outside the jurisdiction of the Greek Parliament. The following article discusses the implications posed by this distinctive feature of such debt, whether issued by Greece or another EU State to private interests, in coming months.

     

    http://bit.ly/wbA6UU
    7 Mar 2012, 04:16 PM Reply Like
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