Markets Insight: Defaulting nations need a Chapter 11 - Financial Ti...

06/26/13

Markets Insight: Defaulting nations need a Chapter 11
Financial Times
The International Monetary Fund has admitted serious errors in the way it handled Greece's bailout in May 2010. Its mea culpa this month said that, in providing funds in exchange for austerity, it had underestimated the damage to Greece's economy. The ...