We think this story from To Vima in Greece is true. It contains a lot detail about discussions currently under way for a future Greek debt restructuring. The paper says that the EU, IMF and the ECB have reached basic agreement that a debt restructuring for Greece is inevitable, with the following concrete options being discussed. 1. A haircut of 35%. Technically, this will be an exchange of existing bonds with bonds of 65% of their value. 2. A bond swap to 30-year bonds with low interest rates. 3. A new loan package of 25% of the previous volume. The paper recalls the Brady plan, under which the US organised a similar debt swap for Latin American debt, with the help of a Fed guarantee. The paper also quotes Greek sources as confirming that they no longer expect the rebound of growth to happen immediately.
Angela Merkel looks like its been at least 3 weeks since she's had a satisfying dump.
You should see Leo.
Caption:
"No way I take a bullet for any of these three. After what I just heard in there, I'm buying some gold, bitches," thinks Paulo the security attaché member on the right.
And we still are not done paying for the Brady plan ... haha
Sarkozy: "That person just dropped a $20..... garcon?"
Merkel: "Hmmm.... The Arby's sign over there says All U Can Eat."
Sarkozy: Why is your right boob 35% lower than your left?
Merkel: I don't know but I like that number, run with it.
winner right here folks!! Fuck that's funny, seriously that is some comedy gold!
For the record could she look any worse and why is there 3 pockets on her blazer?
The 4th pocket was picked by The Bernanke. She's telling Sarkozy "I really don't mind because now my right tit can go commando"
Good one! The other three pockets showing look like inside out, I think she has not one penny left to tell the story.
"Mr. Baroso looks like he's seen a ghost!"
sarkozy: "hey angela, have you seen my bob dole impression?"
merkel to herself: "oh shit. not again."
Whose going to tell Jamie and Lloyd?
wrong again! Sarkozy is holding her colostomy bag!
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