The ECB's Athanasios Orphanides says the notion of the private sector taking losses on its Greek...

|By:, SA News Editor

The ECB's Athanasios Orphanides says the notion of the private sector taking losses on its Greek holdings needs to be dropped. Taking the threat of loss away, he writes, could be the only way to entice investors back into the euro-periphery. "The capacity to learn from mistakes is the hallmark of good leadership," he argues, suggesting he himself has learned little.