"The clock is ticking for Greece and its bondholders. They have an $18-billion interest payment due on March 20 and no money to pay it. It’s clear that if the proposed bailout, as initially approved back in October, comes through, a large part of it will just be recycled back to the lenders in the everlasting and never-ending game of make believe: servicing debt with new debt."
from the new american...
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