After a summit in Brussels, governments announced an agreement under which private banks and insurers would accept 50 percent losses on their Greek debt holdings in the latest bid to reduce Athens' massive debt load to sustainable levels.
This is proof that the Greek Revolution is scaring these people, but this is nothing more than a fig leaf. Anything less than the overthrow of capitalism and the establishment of democracy is leaving the fox in charge of the hen house.
http://www.reuters.com/article/2011/10/27/us-eurozone-idUSTRE79I0IC20111027?feedType=nl&feedName=usmorningdigest
