- Greece unique
- Details still being worked out on bond exchange
- Banks to reduce credit exposure by up to 5% as they raise capital
- Bank recapitalization plan has serious problems, will hurt economic growth and make it harder for some nations to borrow
Preview Mode
IIF: No evidence any other country needs a haircut but Greece
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}