[quote=CA renter]”The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream,…[/quote]
Ah, the bankers dream deal, a 53.5% write down of the amount owed.
Maybe we can get the State unions to take that dream deal on their pensions.
[quote=BBC]
“Greece has won a 53.5% reduction in its debt burden to private creditors, while any profits made by eurozone central banks on their holdings of Greek debt will be channelled back to Greece.” http://www.bbc.co.uk/news/business-13798000%5B/quote%5D
