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|User Info||FLASH: Greece Deal Supposedly Made; entered at 2012-02-20 21:21:27|
Registered: 2007-08-26 East Tennessee Eastern Time
The report said that deal discussed by Greece and private creditors, represented by the Institute of International Finance (IIF), envisaged a 50 percent nominal reduction in the value of their holds of Greek government bonds.
They just announced that they're even more ****ed than we thought they were. And we rally?