Greek Debt Deal 'Warning to Spain/Italy'

[marmar]

Eurozone finance ministers agreed to a new rescue plan for Greece today, with a 130 billion euro plan that would call for private investors take a loss of 53.5% on their Greek bonds. But while finance ministers are calling this a good deal, a balance, a way to secure Greece's future, a leaked report that Reuters and the Financial Times got their hands on spells trouble, warning that two of the new bailouts main principles might be self defeating. Reason's Anthony Randazzo discusses.

[HopeHoops]

1. Yeah, and that 53.5% is a fraction of the interest they've made.