All Commentary
Thursday, October 27, 2011

Banks Will Take Loss on Greek Debt


“European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt.” (New York Times)

A glimpse of America’s future?

FEE Timely Classic
“Greece: The Canary in the U.S. Coal Mine?” by Steven Horwitz