Brussels, 03/12/12 (Agence Europe) - On Sunday 2 December, the German chancellor, Angela Merkel, made a move towards writing down some of the Greek bonds owned by public authorities (OSI, or official sector involvement), along the lines of the voluntary write-down of bonds list spring held by the private sector (PSI, or private sector involvement), which removed no less than €107 billion from the Greek debt burden.
In an interview with Bild Am Sonntag, Merkel said that if Greece manages...