Greek Debt Talks Said To Be Deadlocked And Suspended26 October, 2011, 21:42. Posted by Zarathustra
Tags: Debt, Euro Crisis, Europe, Greece
TALKS ON GREEK BOND LOSSES SAID TO BE DEADLOCKED – BLOOMBERG
EU OFFICIAL SAYS INVOLUNTARY GREEK HAIRCUTS CAN’T BE RULED OUT – BLOOMBERG
Euro reversed all the gains after Bundestag vote approving EFSF leveraging.
I am not sure if anyone should be hugely surprised by this. At least I would be rather more surprised if the negotiation goes completely well.
Do note that involuntary haircut would be what they have been trying very hard to avoid, and that should be a credit event which trigger CDSs.