Greece Is Almost Ready to Make a Deal, Maybe
Louis Peitzman · 01/28/12 12:48PM
Well, progress is progress. The New York Times reports that Greece is "inch[ing] toward [a] deal" establishing the new interest rates that Greek bonds will carry. No one can officially confirm what this compromise would entail, only that "bondholders have made significant concessions with regard to the interest rate." But let's not get too excited.