Former Argentinian finance ministers says Greece is worse than Argentina
This comes from Guillermo Nielsen, who negotiated the 66% loss to creditors when Argentina defaulted in 2005, according to Reuters. He said Greek bondholders will have to endure an even bigger haircut than that suffered by Argentina's creditors. "Unfortunately the mishandling of this early on leaves no choice ... The haircut for bondholders will certainly be deeper," he said. “They thought ‘we are Europe, we are not Argentina, we won't restructure’, and look where they are. They have been pouring (in) money for nothing."
(aus Eurointelligence heutigem Newsbriefing)
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