The Greek government acted disgracefully last week when it stiffed creditors by $140 billion, coercing bondholders into an â??exchangeâ? of securities that left them with less than half of what they were actually owed. Adding insult to injury, Greece then lied when it claimed this wasnâ??t really a debt default but rather a friendly â??agreementâ? with willing lenders. Yeah, right. . .
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