Greece debt write-off talks with banks stall

[mr_anderson]

Talks between Greece and its private sector lenders over a possible 50% write-off of its debts have stalled.

Reaching a deal is a pre-condition for Athens receiving the next chunk of bailout cash from the International Monetary Fund and European Union.

Without that money, the Greek government could run out of cash and be forced to leave the euro

bbc.co.uk/news/business-16553532

Would have loved to be the fly on the wall during those negotiations.
I wonder what ‘cards’ each side was holding.

If I was a large holder of Greek debt, I would have shorted the euro some time back.

Therefore, forcing Greece out of the euro and the subsequent knock-on effect in the currency markets could see me cover all the losses incurred in holding the debt had I been short the euro.

Just a thought.