What all such schemes amount to is piling one lot of bonds on top of another in an attempt to square the circle of Greece ’s inability to pay , and to minimize the losses faced by its creditors – mostly European banks .
What all such schemes amount to is piling one lot of bonds on top of another in an attempt to deal with the impossbile task of Greece ’s inability to pay , and to minimize the losses faced by its creditors – mostly European banks .