Greece, is there life after debt restructuring?

Greek 1 year yields at 94.9%, 2 year at 54% and 10 year at 20%. The five year CDS at 27%. There is not much more to say. Sit back and watch, one perfectly done debt restructuring (with some voluntary private debtors) coming right up.
Should not be much longer now. I will be happy when all this will be over. The world economy can go back to setting up the stage for the next growth period.

2 thoughts on “Greece, is there life after debt restructuring?

  1. Without some serious deleveraging in the US and Europe I don’t see how growth could come back. But the US is in a liquidity trap and the EU is stuck in policaly driven economic debates. Maybe if Greece defaults things will change…or maybe not.

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