Private investors in Greek bonds will need to take losses ranging from 40 percent to 60 percent, according to Charles Wyplosz, director of the Geneva-based International Center for Money and Banking Studies.
“Anything that’s half haircut, plus or minus 10 percent, would be fine,” Wyplosz said in an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “This is hardly surprising. Either the banks got prepared or they got it completely wrong and they will pay a high price for that.”
http://www.bloomberg.com/news/2011-10-12/greek-bondholders-may-face-60-losses-wyplosz-says-tom-keene.html
“Anything that’s half haircut, plus or minus 10 percent, would be fine,” Wyplosz said in an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “This is hardly surprising. Either the banks got prepared or they got it completely wrong and they will pay a high price for that.”
http://www.bloomberg.com/news/2011-10-12/greek-bondholders-may-face-60-losses-wyplosz-says-tom-keene.html
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