A (hard) Greek restructuring by the numbers...

11:16 15/5/2011 - Πηγή: Taxalia

Or, losers in a Greek debt restructuring. Some estimates courtesy of JPMorgan’s flows and liquidity team: The ECB bought a large amount of Greek government bonds through its Securities Market Program. Our colleagues in Euro rates research estimate that the ECB bought around €40bn of Greek government bonds with €50bn of notional value, assuming an average purchase price of 80% to par. But the