Quotes from Commerzbank:- Another haircut on Greek government bonds is not very likely. Nonetheless, uncertainty will probably remain very high amid private investors for the time being. They will demand a high risk premium for Greek government bonds. – Outstanding Greek government bonds held by private investors amount to somewhat more than €30bn. Greek banks and hedge funds should be among the biggest investors. – Moreover, the ECB probably still holds old government bonds – that were not swapped in the haircut – with a volume of around €35bn on its books.
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