Greece Debt affairs are stinking. Default to be timed..?

Press Statement from the Co-Chairmen of the Steering Committee of the Private Creditor-Investor Committee for Greec

Athens, January 13, 2012 — Charles Dallara and Jean Lemierre, Co-Chairs of the Steering Committee of the Private Creditor-Investor Committee (PCIC) for Greece, continued discussions today in Athens with Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos on a voluntary PSI for Greece, against the background of the October 26/27 Agreement with the Euro Area Leaders. Unfortunately, despite the efforts of Greece’s leadership, the proposal put forward by the Steering Committee of the PCIC—which involves an unprecedented 50% nominal reduction of Greece’s sovereign bonds in private investors’ hands and up to €100 billion of debt forgiveness— has not produced a constructive consolidated response by all parties, consistent with a voluntary exchange of Greek sovereign debt and the October 26/27 Agreement.

Under the circumstances, discussions with Greece and the official sector are paused for reflection on the benefits of a voluntary approach. We very much hope, however, that Greece, with the support of the Euro Area, will be in a position to re-engage constructively with the private sector with a view to finalizing a mutually acceptable agreement on a voluntary debt exchange consistent with the October 26/27 Agreement, in the best interest of both Greece and the Euro Area.

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It seems the Wild Goose of Greece is now cooked in fully. It will be matter of time and Timing when Greece shall be freed from the clutches of Lenders and Some strong European nations. 

The Private Lenders appear to given under coercion and buying time to pull Guns on Greece. The hard boiled talks, which amounted in ' Change of Guard' and ' Silent revolution ' in December put the curtain on what seems to be the ' Unfair Promise' . 

All this behind the curtain talks and veiled threats may not get the full glory of media. But, the hazed topic may soon appear like a Party spoiler and wealth destabilise the Europe, as the spring unwinds. 

SO ALL IN ALL, GREECE'S EXIT SEEMS TO BE MATTER OF TIME AND TIMING. Investor shall be better off, if they not venture in the fall ensuing.