The French connection

Casey, Bernard (2011) The French connection [Online resource]

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When I reported on the second bail-out package – which is now rapidly unravelling – I pointed out that this involved bond holders taking a 21% “hair-cut”. I also suggested that this might be rather generous. The yields than available indicated that a hair-cut in the order of 40-50% might be more appropriate.

Item Type	Online resource
Copyright holders	© 2011 The Author(s)
Departments	Hellenic Observatory
Date Deposited	01 Jun 2017 09:01
URI	https://researchonline.lse.ac.uk/id/eprint/79468