6 ms·
You buy CDS's on greek debt. But this is not available to retail investors.
by alphaBetaGamma 16y ago
You buy CDS's on greek debt. But this is not available to retail investors.
- mos1 16y agoFWIW, a 5 year Greek CDS currently sells for $925k/yr, and pays out $10m if the debt defaults in that time period. Not exactly the bargain of the century at this point in time. Edit: for context, that's roughly the same price as Venezuela and Argentina.