Kicking the Can: “If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”

Greece: without compromise a tragedy awaits

As noted more fully here the first instinct is for creditors and debtors alike to bury their heads in the sand and talk rather than act…effectively to kick the debt can down the road as they did over much of the last few years helped more recently by rate cuts and the introduction of QE.
Comment:Image is snapped from the article.

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