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IMF’s Lagarde: Equilibrium between private and public sector in Greek debt negotiation is a “concerning question”

By   || January 25, 2012 at 10:02 GMT
|| 3 comments || Add comment
  • If haircut on private sector Greek debt is not enough, public holders of debt will have to participate in renegotiation

EUR/USD trades lower on comments, now at 1.2980. Infamous US investment house seen notable seller in lastest leg lower.

Order info on the downside from here is sadly lacking (ie we ain’t got jack)

So it’s quessing time. Using all my vaste expereience ;) , I’d hazard buy orders clustered now down at 1.2950/60, with sell stops close below there…..

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Category: All, Economy, Europe, Regions
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3 Responses to “IMF’s Lagarde: Equilibrium between private and public sector in Greek debt negotiation is a “concerning question””

  1. Paul Eamonn on January 25th, 2012 10:05 GMT

    Morning Gerry.
    “…..,public holders of debt will have to participate in renegotiation”.
    Do I detect another Irish situation going on here where the EU/IMF keep the ‘negotiations’ going it until they get the result they want?

  2. Steve on January 25th, 2012 10:19 GMT

    The private sector apparently thinks the Public sector debt should take all the haircut and if I understand the private sector holders, they will take no more than a 50% haircut, or maybe less. Personally I think Geece needs to just get out of the euro. The hole dug is just too deep and called for measures will just dig it deeper. Further austerity will just push the economy down further and further. Time for a reality check. The meaures needed for change should have happened long ago or probably certain things never allowed to happen begin with. I do not think default can be averted. Of course the unknown consequences have evryone in fear.

  3. Gerry Davies on January 25th, 2012 10:21 GMT

    EU/IMF seem to be playing super hardball Paul

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