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Message Subject GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
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zerohedge‏@zerohedge

The Grexit "plan" was laid out two weeks ago by JPM: the "plan" involves realizing an immediate €400bn in losses
 Quoting: Luisport


What?

'splain me, Luis. :)
 Quoting: Éireann


The 400bn is aprrox. Greece's public debt (355,6bn to be exact). The banks will take immediately that loss and depending on Greece's actions after that, they could take a new hit of about 200-250bn which is the private debt that Greek citizens and business have. The thing is though that if JPM planned that i bet it will be messy.
 
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