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"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
by 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.