http://blogs.reuters.com/felix-salmon/2012/11/27/how-the-official-sector-restructures-greece-edition/ A slice of lime in the soda Tue, 18 Jun 2013 02:31:09 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/felix-salmon/2012/11/27/how-the-official-sector-restructures-greece-edition/comment-page-1/#comment-44811 MrRFox Tue, 27 Nov 2012 17:01:54 +0000 http://blogs.reuters.com/felix-salmon/?p=19582#comment-44811 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. 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.

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