As far as my understanding goes this must be breach of terms and condition...as this sub-ordinates existing bond holders below IMF and ECB....i don understand how these guys are taking this lying down. This is plain theft and use of govt power to usurp private bond holders right...this might be the paradigm shift in bond investing
....this news shud lead a sell off in all peripheral bonds where ECB participated in open market......any fixed income guys can enlighten......
Sub-ordination of existing Greece bonds
Started by
Om_Namah_Shivay
, Feb 17 2012 11:05 AM
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#1
Om_Namah_Shivay
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Posted 17 February 2012 - 11:05 AM
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