Detail The Wait is Over; Greece's Default   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8776 (Mar. 2012), page 67-68. Topik: Sovereign Debt; Economic Crisis; Government Bonds; Debt Restructuring Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel After a tortuous process, the majority of private holders of Greek government bonds had agreed by March 9th to trade in their bonds for new longer-dated ones with less than half the face value of the old ones and a low interest rate. The biggest sovereign-debt restructuring in history allowed Greece to wipe some EUR 100 billion ($130 billion) from its debts of around EUR 350 billion. It will also be the first test of the resilience of the financial system to the payment on sovereign bonds of credit-default swaps (CDS), a form of insurance against bad debts. Financial markets took the news with a shrug, even though for months European officials have looked with horror at the prospect of a sovereign-credit event in the euro zone. Their angst stemmed partly from earlier official pledges that Greece would not default or restructure its debts: a voluntary loss-taking by private investors would have allowed that fiction to be upheld. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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