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The FUD "defaulting" means they won't pay you back. The real "defaulting" in this case means they will restructure the debt. It is a credit agency's definition
by c2 15y ago
The FUD "defaulting" means they won't pay you back. The real "defaulting" in this case means they will restructure the debt.
It is a credit agency's definition of "default", but it won't be as adverse as the money disappearing from balance sheets.
- dpapathanasiou 15y ago"The real "defaulting" in this case means they will restructure the debt." So far, all proposals to do that have been shot down by the ECB b/c even with longer and more generous terms, Greece is not in a position to service the debt, let alone repay it.