Will the Upcoming Election Mean a “New Deal” for Greek Debt? – New Rules for Global Finance Coalition

What We DoSovereign Debt ConsultationWill the Upcoming Election Mean a “New Deal” for Greek Debt?

Will the Upcoming Election Mean a “New Deal” for Greek Debt?

In an article posted by the New York Times’ Dealbook, author Landon Thomas Jr. discusses the possible election of Alexis Tsipras on January 25. Tsipras has vocalized his ambition to address Greece’s large stock of sovereign debt, 65% of which is held by official creditors. Despite attempts by the candidate and his advisers to assuage fears of a private-sector haircut, private investors started to establish short positions in Greek bonds assuming official creditors will want private creditors to “share in the pain” in any potential restructuring.

The full article can be accessed at: http://dealbook.nytimes.com/2015/01/08/voices-join-greek-lefts-call-for-a-new-deal-on-debt/?_r=0