Would a Greek haircut boost markets?

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Announcing a haircut on Greek bond holdings would help restore a positive mood to bond markets, which have largely priced in such a move, said DWS Investments' CIO Asoka Wöhrmann.

The potential for Greece to default has rattled markets this week, and Wöhrmann said if a haircut was introduced, devaluing the value of Greek debt, it would boost sentiment. He said people are treating...

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