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Default; what are the options?

recedite · 2010-11-25 18:09:20

1. Is it true that only around half of bank bondholders have been paid off so far, and that the State guarantee expires next June. So the next government could default or give a debt for equity swap then, without ever compromising sovereign debt responsibilities. 2. If it comes to defaulting on sovereign debt, can we…

25-11-2010 06:09PM

#1

recedite

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1. Is it true that only around half of bank bondholders have been paid off so far, and that the State guarantee expires next June.
So the next government could default or give a debt for equity swap then, without ever compromising sovereign debt responsibilities.

2. If it comes to defaulting on sovereign debt, can we remain in the Euro afterwards? If not, why not?

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