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A slice of lime in the soda Greece defaults

By: Yossel in FOREIGN SCENE | Recommend this post (0)
Fri, 22 Jul 11 1:03 PM | 96 view(s)
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Greece default sets big precedents

The latest Greek bailout is done and it involves Greece going into "selective default", which is, yes, a kind of default. Both the official and private sectors are going to take losses on loans to the country under the new deal, which sets at least two hugely important precedents. Full Article

Felix Salmon

A slice of lime in the soda Greece defaults

Jul 21, 2011 18:39 EDT

link-
http://blogs.reuters.com/felix-salmon/2011/07/21/greece-defaults/




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