Greek Restructuring: The Waiting Game Continues
Pater Tenebrarum submits:
Greek Restructuring Delayed Again
As it has turned out, Germany is once again pulling back from the growing semi-official noises about the necessity of a Greek debt restructuring. In all likelihood we can expect more good money being thrown after bad shortly. As Bloomberg reports on this development: German Chancellor Angela Merkel’s coalition may be backing away from signals it was willing to accept a Greek debt restructuring as the government tries to put off an outcome that some investors say is only a matter of time. The parliamentary finance and budget spokesmen have both endorsed steps to avoid a restructuring before a meeting today of lawmakers from Merkel’s Christian Democratic bloc to discuss Greece. Merkel may give her own view on the matter when she briefs foreign journalists in Berlin at 11 a.m. The comments in recent days contrast with the position of German officials as recently as lastComplete Story »
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