If you want to cause major discomfort at a meeting of European policymakers, just try mentioning “OSI”, or official sector involvement. The notion that official creditors may need to accept a reduction in their contractual claims on Greece is anathema to many. Yet the issue will surface repeatedly, given the current overly-constrained approach to solving Greece’s deep problems. Read more
© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.