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Posted by on Jan 31, 2010 in Economy, Europe, TG Roundup, Worldwide

Greek in Plain English: To Bailout or Not to Bailout

In the next few weeks we will be hearing a lot about sovereign debt crisis for Greece.  Debt crisis is derivatives crisis. Derivatives are Greek – a lot of Greek! I found this simple chart at Zero-Hedge and it explains the ramifications in a decision tree, and in simple English.