ΕΠΙΚΕΡΟ ΘΕΜΑ: Greek debt strategy is crazy but…….by Tyler Durden

With everyone making nice – apart from Dijsselbloem – ahead of the weekend, we thought some reality checks were in order…

This whole Greek debt «face-off» with the rest of Europe is so comical. First of all, as previously mentioned, there is NO way that Greece will EVER pay off all of its debt. And its ability to even service [interest payments] its debt is questionable.

So, really, if you are a creditor to Greece what are you to do? You are definitely going to get «stiffed». The question: Can you recover even some of your principal? In this case probably not a lot.

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