So, the Greeks have begged for help and they\’re getting it.
I\’m sure I\’m missing something this early in the morning. But what would be the problem if they simply negotiated a haircut on the bonds. Negotiated a partial default?
It wouldn\’t be the first time such a thing had happened, after all. Wouldn\’t be the first time for this specific country and we\’ve seen others do it in the past decade or two.
What I mean is, I\’m getting a little lost as to what would be all the terrible subsequent events?
Anyone able to help here?