Sounds like Enda is coming home with the goods from Brussels. But is it enough to get us out of the hole we're in and restore confidence?
Specifically could someone explain how, if Greece is allowed to buy back debt discounted on secondary market, saving perhaps 20%, why wouldn't the secondary market just end this discount? And, assuming debt-buyback is a good move and can be done, can Ireland/Portuga/Italy/Spain do the same and thereby reduce the debt-burden?
Specifically could someone explain how, if Greece is allowed to buy back debt discounted on secondary market, saving perhaps 20%, why wouldn't the secondary market just end this discount? And, assuming debt-buyback is a good move and can be done, can Ireland/Portuga/Italy/Spain do the same and thereby reduce the debt-burden?
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