Commodity Trade Mantra

Posts Tagged ‘Greek Bailout’

Is Greece About To "Lose" Its Gold Again?

What everyone appears to be forgetting is a nuanced clause buried deep in the term sheet of the second Greek bailout: a bailout whose terms will be ultimately reneged upon if & when Greece defaults on its debt. Greeceā€™s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.

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