Friday, January 20, 2012

'Voluntary' Greece Deal Seen Overstated

The issue of whether Greece's debt restructuring is "voluntary" or "coercive" is widely depicted as being critical to financial markets. In fact, there may not be a lot of difference, experts say.

The Greek government and representatives of investors in government bonds are locked in talks as a deadline looms: March 20, the day that €14.5 billion ($18.7 billion) of bonds come due. 


WSJ