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Have the counter-parties insuring Greek debt paid up?
by Lozzer 15y ago
Have the counter-parties insuring Greek debt paid up?
- btilly 15y agoNo. However Fitch put a "default" rating on Greek bonds, and there were headlines declaring a default. The trick is that private parties are supposed to "voluntarily" forgive Greek debts. But they are negotiating with a gun to their head. And one way or another Greece won't be paying what it says it owes. So some people call it a default. Others don't. But it is a pretty fine distinction either way.