Following Moody's remarks about how requiring Greek bondholders to take losses would have major...

|By:, SA News Editor

Following Moody's remarks about how requiring Greek bondholders to take losses would have major ripple effects, ECB board member Lorenzo Bini-Smaghi sounds cautious about involving private bondholders in the Greek bailout. Though the arguing is far from over, the ECB increasingly looks as if it's backed into a corner.