Comments on: How the official sector restructures, Greece edition A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: MrRFox Tue, 27 Nov 2012 17:01:54 +0000 This deal helps Greek cash-flow – big – but as accounted, it does nothing for its balance sheet, unlike the private creditor principal write-down did. The official-sector write-down must remain in plausibly deniable, ‘sheeps’ clothing’ while Merkel tries to flim-flam her way to another term in office – but the dirty deed is now done.