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Why did the Uk/German holdings increase? When you say they now hold 10b I assume you mean face (redemption) value rather than market?
by Ntrails 11y ago
Why did the Uk/German holdings increase? When you say they now hold 10b I assume you mean face (redemption) value rather than market?
- Lazare 11y agoI don't really know. Some mixture of betting that Greece won't default and banks acting as a dumping ground for bad debts (someone has to end up owning it), I guess. And yes, all numbers are face value. The market value of all that greek debt is...well, VERY much an open question right now. :)