this debt swap is actually a step towards a Greek default

It seems like nothing has changed for the positive here in terms of Greece's debt sustainability, the PSI is unchanged simply because the blocking-stake holders that we have been so adamantly describing will not budge (and why should they) and now we will likely see non-UK law sovereign bonds for Portugal (and perhaps Spain) also being sold again to avoid the long-arm of Draghi. FULL ARTICLE LINK LIVE TRADEROOM ACCESS LINK WITH FOREX TRADE PROFESSIONALS AND COACHES FOREX INSIGHT TEAM 7657 NW 50 ST MIAMI FLORIDA 33166 1-305-600-0895