In related news, note that the main issue the ratings agencies have is the Greek pension liability, and the main component of the austerity measures will end up being a reform of the pension system. The sovereign bond market is a curious place, where 'He's willing to cheat his own grandmother, that one', can be a mark of the utmost probity.
Friday, April 30, 2010
Well said
Daniel Davies:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment