Relevant:
- Meaningless Greek "Deal" Supposedly Reached; Deal Won't Hold
- Fears grow over Greek debt default despite bail-out
- Why Your Money-Market Fund Could Be Hit by Greek Default
- No Reprieve for Greece from Debtor's Prison
- S&P Warns Greek Bailout Plan Constitutes Default; Greece at Risk of Missing June Target; Spoon Feeding will Continue Until Greece Dies
2011-07-21 — blogspot.com
``The latest Greek bailout is done and it involves Greece going into "selective default," which is, yes, a kind of default. This is a bail-in as well as a bail-out: while Greece is getting the €109 billion it needs to cover its fiscal deficit, both the official sector and the private sector are going to take losses on their loans to the country.''
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