By John Galt July 11, 2011 From the U.K. Guardian 7/12 print edition: Greece set to default on massive debt burden, European leaders concede Uh, there are consequences to this. The insane idea is highlighted here: They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone’s bailout fund to buy back Greek debt on the markets, meaning sizeable losses for Greece’s private investors and reduced debt levels for Athens. Following 12 hours of fraught negotiations in Brussels…
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