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Old 2011-09-27, 18:55   Link #16847
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 42
Originally Posted by SaintessHeart View Post
The real problem is, how do you liquidate Greece? Sell off their people as slaves?
simple, either the current bond holder refianance Greek debt into a (very)long Bonds with a low interest rate or Greece defaults.

Option 1 gives the banks something and a chance to recoup everything back

option 2 gives them nothing.
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