Andreas S. Koudellou

It’s official in 2041 Greece will be underwater, right alongside Atlantis.

In default, European Union, Financing Reconstruction, Global Economics, macroeconomic factors, Multibillion, price volatility in energy, selective default, spillover effect on July 24, 2011 at 2:33 am

Its official greece is in selective default. If you’re a holder of Greek bonds right now, (sucks to be u) maturities will be extended, but you have three choices.
One: You can do nothing, and hope that Greece pays you in full and on time.
two: Extend your maturities out to 30 years, and accept coupon of 4.5% in return.
Three: You can extend your maturities out to 30 years, take a 20% cut, and get a higher coupon of 6.42%. & the principal is guaranteed with zero-coupon collateral.
Four: You can extend your maturities out to 15 years, take a 20% cut, get 5.9%.

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  1. Banking cancer becoming worse in Eurozone – Max Keiser bit.ly/pDwHAY

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