F Dominicus Blog

A politically incorrect blog about matters of money, government, bureaucracy, freedom and sometimes something else.

There may be a slight chance

That even deledefs have to serve their contracts.

In some german blogs it is mentioned that the "haircut" discussions for Greece are stopped. There seems to be some Hedge Funds (what a luck that they exist) which will not agree to the voluntary debt cut. And they may have a chance to succeed. see also e.g. https://www.nytimes.com/2012/01/19/business/global/hedge-funds-may-sue-greece-if-it-tries-to-force-loss.html?_r=1&pagewanted=all

It would be a hallmark for responsibility. Yes the Greece have made the debt and yes they have to pay their obligations. This would be fantastic news and we had at least some handling against the disposal of governments. I hope they have at least enough bonds to hurt the deledefs of all countries considerably.