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 Some experts have already dismissed Wednesday's

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heroisthai
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Some experts have already dismissed Wednesday's Empty
PostSubject: Some experts have already dismissed Wednesday's   Some experts have already dismissed Wednesday's EmptyWed Oct 26, 2011 5:33 pm

Some experts have already dismissed Wednesday's meeting as a prelude to the Group of 20 summit in early November, when the world's most powerful leaders will gather in Cannes, France.
"We have no confidence at all that the various proposed strategies will provide any effective fix for Europe's ills," said Ian Gordon, an analyst at investment bank Evolution Securities in London.
Greece
The main issue for Greece is the role the private sector could play in restructuring Greece's debt.
Calls have been growing for banks and investors to voluntarily accept larger writedowns, or haircuts, on the value of Greek government bonds.
Under a July agreement, bondholders had agreed to a 21% reduction. But the latest estimates suggest that writedowns of 50% or more will be necessary.



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