Talks between Greece and its private debtholders (represented by the IIF) on a bond swap and 50%...

|By:, SA News Editor

Talks between Greece and its private debtholders (represented by the IIF) on a bond swap and 50% haircut are going nowhere thus far. The key stumbling block - as known the day the euphoric news was reported - is that the move actually does very little to reduce Greece's debt.