This summit was not about solving the eurozone crisis, it was designed to failWe have Peter Speigel of the Financial Times to thank for identifying just why the so-called voluntary restructuring of Greek debt never sounded quite true.He managed to see Mr Dallara before he flew out of Brussels yesterday morning. Mr Dallara ‘was very clear that the lack of final details’ in the deal gave him ‘quite a bit of room to manoeuvre.’The banker said: ‘The specific elements of the deal, that is to say the structure of the new claim on Greece, remains to be negotiated.’
Friday, 28 October 2011
Posts
