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The myriad of measures that the Troika agreed to in the deal to release a long-delayed...

The myriad of measures that the Troika agreed to in the deal to release a long-delayed €34.4B tranche of Greece's bailout will reportedly only bring the country's debt-GDP down to 126.6% by 2020 and 115% by 2022, not the respective 120% and 110% that was advertised. Officials are studying further ways to reduce Greece's loans, but it could mean that eurozone nations will have to take losses on the debt they hold.
Comments (6)
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    The EU debt holders should take losses now, rather than later. Unless they want their beloved euro to collapse. Like the old joke: if you owe the bank $1M dollars, you have a problem; if you owe them $1T, they have a problem.
    28 Nov 2012, 03:29 AM Reply Like
  • credit_man
    , contributor
    Comments (172) | Send Message
     
    THE EU debt holders ie the European nations WANT EUR to go down
    only problem they dont want a collapse so they cant say it.....
    Same way FED is driving the USD downwards......
    liar poker it is....
    28 Nov 2012, 03:35 AM Reply Like
  • marketman54
    , contributor
    Comments (823) | Send Message
     
    They just wiped out any repayment for the next 20 years so instead of having to print more Euro's or pay out more Euro's they decided to wipe out the lenders. Either way, someone is getting screwed and the black hole for Greece only gets bigger - look out, here comes Spain, Portugal, France and Italy!!
    28 Nov 2012, 09:46 AM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    Could? More like definitely..
    28 Nov 2012, 09:54 AM Reply Like
  • credit_man
    , contributor
    Comments (172) | Send Message
     
    they are the lenders too....
    situation is very different in spain italy France where private wealth will pay through tax increases(France) and structural reforms(spain italy)
    portugal is the only real follower on the list
    28 Nov 2012, 01:00 PM Reply Like
  • nerisdetum
    , contributor
    Comments (52) | Send Message
     
    Debt forgiveness has happened many times throughout history. It's time to start considering those options if Germany will not take appropriate action. Germany benefited the most by tying to weaker nations to keep their currency depressed to increase their export leverage. Now they don't want to let these nations leave the EU for fear of currency appreciation, but they don't want to lend a helping hand to heal them, either.

     

    Either a compromise from lenders and the borrower (Greece) will be met, or the EU is facing a breakup.
    28 Nov 2012, 01:46 PM Reply Like
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