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Recent Posts
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Tag Archives: Haircuts
Euro Banks Under Pressure on Greek Holdings
(click here if chart is not observable)
Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk
Tagged European Banks, Greek Bonds, Haircuts
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Greek Haircuts: A Clarification
The media and some pseudo-analysts, and, surprisingly, even some investors, still don’t understand what the 21 percent haircut in the Greece bond restructuring is all about. The 21 percent touted about is simply the hypothetical secondary market discount of the … Continue reading
Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk
Tagged European Banks, Greece, Haircuts
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Haircuts for Senior Bondholders in Irish Bank Package?
This Irish Times is reporting the that EU-IMF are “examining” burden sharing for senior bondholders. Several proposals are being discussed, but the major focus is on two ideas: 1) bank debt-for-equity conversions; and 2) option of providing fresh capital injections … Continue reading
Posted in Black Swan Watch, Bonds, Fiscal Policy, PIIGS
Tagged Debt-for-Equity, Haircuts, Ireland
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Global Macro Monitor 