These have been already linked to on ForexLive, so just a recap for early-Asia traders.
RTRS: Analysis: Euro zone debt forgiveness lies ahead in Greek mire
there was a critical element in Monday night’s deal that goes a lot further than any other step taken so far in the debt crisis to get Greece back on its feet.
Implicit was an understanding that Greece will undergo some form of official-sector debt restructuring – with euro zone countries forgiving a portion of Greece’s debt – at some point in the future, the sort of last-ditch measure usually reserved for impoverished states in Africa and Latin America.
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And, from the FT: Eurozone states face losses on Greek debt
- Eurozone governments could be forced to accept losses on their rescue loans to Greece after Monday’s late-night deal to overhaul its bailout failed to agree how to reach new debt targets for the struggling country, according to documents seen by the Financial Times.
