Πηγή: Business Insider
Tons of people are chattering about the possibility of a Greek default today, with Germany ready to bail out its banks if that happens.
There are two reasons that people are speculating on a Greek default this weekend.
First, private sector participation in the bailout -- in which bondholders would have to accept about a 21 percent haircut voluntarily -- is not going to be very popular.
Greece bank managers have said they expect private sector participation in the bond swap to reach about 80%. This is well short of the 90% Greece demanded last month. If Greece were actually to take a hard line on this, it would compromise an $185 billion piece of the bailout agreement.