Poland Confiscates Half Of Private Pension Funds To “Cut” Sovereign Debt Load…(Get…Out…Of…All…Paper…Assets!!!)

Saturday, September 7, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
09/06/2013

To summarize:

Government has too much debt to issue more debt
Government nationalizes private pension funds making their debt holdings an “asset” and commingles with other public assets
New confiscated assets net out sovereign debt liability, lowering the debt/GDP ratio
Debt/GDP drops below threshold, government can issue more sovereign debt

The Rest…HERE

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