"Below is the leaked Greek bailout document that everyone has been talking about. Yesterday, the Financial Times wrote:
Greece’s economy has deteriorated so severely in the last three months that international lenders would have to find €252bn in bail-out loans through the end of the decade unless Greek bondholders are forced to accept severe cuts in their debt repayments.at http://www.creditwritedowns.com/2011/10/greece-expansionary-fiscal-consolidation-failure.html
The dire analysis, contained in a “strictly confidential” report by international lenders and obtained by the Financial Times, is more than double the €109bn in European Union and International Monetary Fund aid agreed just three months ago.
-EU looks at 60% haircuts for Greek debt - FT.com..."
