Jan. 21 (Bloomberg) -- Credit-default swaps on Europe’s deficit-ridden nations are rallying the most on record on speculation policy makers will let governments buy back their bonds at a discount to avoid restructuring their debts.
“This could prove an elegant way to avoid a full-fledged forced restructuring that officials are desperately trying to avoid,” said Christian Weber, a senior strategist at UniCredit in Munich. “The idea is charming as it would share the burden without damaging the constantly repeated no restructuring-of- eurozone-countries concept.”
I can't believe this guy. Did he just use the words elegant and charming to describe kicking the can down the road?
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