Stevis, Matina, (2012), ‘The Threats to Greece’s Debt Deal’, blogs.wsj.com, 7 January.
The process of imposing losses to private-sector holders of Greek debt–known as private-sector involvement or PSI–has dogged policy-makers for months. If the Greek finance minister is to be taken at his word, the first large-scale restructuring of sovereign debt of the euro area is nigh.