ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt

by Tyler Durden
ZeroHedge.com
03/18/2015

Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB “leaks” that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to start planning about what happens on “the day after.” And incidentally to all those curious what the fair value of peripheral European bonds is excluding ECB backstops, the ECB has a handy back of the envelope calculation: a 95% loss.

The Rest…HERE

This entry was posted on Wednesday, March 18th, 2015 at 10:51 am and is filed under Economics, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.