The Greek rollover pact is like a toxic CDO

Commentary feature on the eurozone attempts to prevent a Greek default on its loans, July 2011. Writer says that once the contraption’s treacherous nature is known, the politics of crisis resolution will be even harder.

ESO: Background information: Banks signal move on Greek crisis / Investors doubt Greek peace will last http://www.europeansources.info/record/banks-signal-move-on-greek-crisis-investors-doubt-greek-peace-will-last/

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