Greece has mostly admitted it won’t be able to make payment. Haircuts on bonds and loans to them is now expected to be 50% rather than 21%, and a major Belgian bank is wobbling. Markets everywhere are getting clocked.
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Greece has mostly admitted it won’t be able to make payment. Haircuts on bonds and loans to them is now expected to be 50% rather than 21%, and a major Belgian bank is wobbling. Markets everywhere are getting clocked.