CITATION — REFERENCE ENTRY
greek-haircut-59-65-not-75 · zettelmeyer-trebesch-gulati-2013-greek-autopsy
- Claim ID
- greek-haircut-59-65-not-75
- Assertion
- Creditors' average present-value haircuts in the Greek exchange were about 59 to 65 percent depending on methodology, lower than the 75 percent widely reported in the financial press at the time, and losses were unevenly spread: 75 percent or more on bonds maturing within a year and under 50 percent on bonds maturing after 2025.
- Quote
the “haircuts” suffered by creditors on average were considerably lower than the 75 percent widely reported in the financial press at the time of the debt exchange, namely, in the order of 59-65 percent, depending on which methodology is applied.
- Quote language
- en
- Locator
- section: 1. Introduction
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