Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So did 80 % of the German voters at the last election. Does that justify telling all German bondholders to take a hike?

No, it does not. Bondholders should be given haircuts in order of their importance for the productive economy, and in a manner that is distributionally reasonable. Widows and orphans should be protected. Bankers should lose their shirts.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 6th, 2011 at 06:32:18 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series