Greek Haircut Talks Continue

Unsurprisingly no deal has been reached yet between Greek bondholders and the Greek government, over the haircut that will have to be applied if Greece is to avoid default.

Talks will continue this weekend and into next week.

It seems that yesterday's hype by some sections of the media that a deal had been reached was, unsurprisingly, nothing more than hype.

Don't believe any reports about a deal being reached, until the details of the deal are presented in document that has been signed by the relevant parties.