Tag Archives: restructruring

Can Greece survive? HiFX comments on the biggest ever sovreigndebt restructruring

Can Greece survive? HiFX comments on the biggest ever sovreign debt restructruring

freshbusinessthinking.com

Jason Gaywood, consultant at currency specialist HIFX comments on the biggest ever sovereign debt…

 

I think the Greek deal is yet another example of kicking the can down the road. In exchange for renegotiating €100 billion of private sector debt, Greece takes on €130 billion in public debt. I don’t see how this is a good deal, nor do I see how it’s sustainable given the problems in Greece, the EU and the world at large.

I agree with you that this is a political solution, not an economic one

 

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