Today’s Greece-themed Originations linkfest is only two links because, of everything I’ve read, these best explain what’s going on and what market reaction might be after today’s summit.
Both links from Forex.com research team. They’ve done an amazing job of simplifying the issues.
-Debt swap deal primer: what constitutes a default (Brian Dolan)
-European authorities can force losses on private bond holders but not on ECB (Kathleen Brooks)
-Follow Forex.com research team (Twitter)