(BFW) Final Greek Debt Deal Hours Away, DJ Says

Posted by on Feb 1, 2012 in Uncategorized | No Comments

Yeehaw!  It will be interesting to see the terms, how much Greece will save on interest vs current debt and how much on principal and the timing of the principal.

What will be most interesting is to see how many bonds have pre-agreed to this. An announcement that 200 billion of bonds have agreed would be impressive, and announcement that the deal covers 205 billion of bonds would be less impressive – we need to see what the agreement rate is.  I assume banks will agree since they have no choice.  Insurance companies, mutual funds, and hedge funds will be the key.


Final Greek Debt Deal Hours Away, DJ Says

2012-02-01 16:52:06.58 GMT

By Joshua Fineman

Feb. 1 (Bloomberg) — DJ cites Greek FinMin official.

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