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'..to cut Greece’s debt load..'

Posted by archive 
<blockquote>“We have to achieve the relieving of the debt burden which is weighing on each Greek.”

- Papandreou (Context)</blockquote>


<blockquote>'It may be 'crucial to break the vicious cycle between banks and sovereigns', but unfortunately it is impossible – unless defaults are allowed to happen..'

- Acting Man (Context, July 24, 2012)</blockquote>


Context (A 50% to 70% cut of Greece's debt load.)

<blockquote>Too much euro hysteria - Europe is starting to take the pain - '..Of course the process isn't as smooth..'</blockquote>