• Native Texan
    "IFF is preasuring the ECB to take Greek haircuts" - CNBC and No, the will not look like this: http://bit.ly/zQQi8j
    1/24/12
    Reply (10)
    • humahuaca: which obviously means the bankers are balking at the haircut, and the only way to make it work is if ALL greek debt gets cut. This is going
      1/24/12
    • humahuaca: to drag on and on, just like the debt ceiling talks. Be lucky to see a deal by end of Feb imo.
      1/24/12
    • Native Texan: It's typical of the Euro-Trash. Very typical of them.
      1/24/12
    • Josh Krause: There is actually an end point to it all. If they don't pay the bonds on March 20, the feces might actually strike the aeration device.
      1/24/12
    • humahuaca: they'll announce 'absolute deadline' dates again and again, it'll be ridiculous. I'm seriously getting tired of it, as most people are
      1/24/12
    • Josh Krause: All depends. The bill actually does come due on march 20. If people don't get full payment, general unorganized default, CDS trigger, etc
      1/24/12
    • Josh Krause: The deal needs to be in place well before then to avoid such a circumstance.
      1/24/12
    • humahuaca: yes KK, that's the case, I am just saying the deadline will extend well into Feb and maybe into March.
      1/24/12
    • Josh Krause: Oh definitely. The Hedgies will hold out for full payment and the Euro PTB will try to avoid full payment at all costs.
      1/24/12
    • Josh Krause: I put good odds on the hedgies winning out as they can always threaten legal action that they have a good chance of winning.
      1/24/12