This is an outstanding, must-read look at the Greek debt scenarios by Martin Wolf in the FT – it’s currently the FT’s most read article. Check it out!

via Greek debt and a default of statesmanship – FT.com.

Personally, I think that it’s time that the big banks in France and Germany take a write-down on their sovereign debt. Why should the banks be immune from austerity?

Thoughts?

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