This content is reserved for clients only. Login Now

Register now for a free trial to gain access to this piece and see how
you can benefit from an RGE subscription.

Rates and FX

Greece Bond Buybacks Make Sense, but Won’t Prevent Another Default

By David Nowakowski / Nov 21, 2012

Even though a debt-buyback would shave off some €40 billion of debt (18% of GDP), Greece would still be insolvent.

Register for a Free Trial