Explor Resources Inc. (fka EXSFF)

[PeterS237]

That's not entirely correct Go.

Of al the private bondholders and creditors, 86 % agreed (75% was mandatory for another round of monetary help by the EC and IMF, an amount of 150 billion €) to a remission totalling 172 billion €. It was off course that or loose a 100% after bankruptcy. So now for every 100 € of original bonds, they now get 46.3 € as a new bond (so I guess the 172 billion represented 66.7 % of the total debt), of wich Greece pays 31,3 € and the European helpfund 15 €.

Off course this does not mean that they are out of the woods yet, but they should get along for some time now. Estimates are that they should be able to lend money on the regular markets at normal rates by 2020. This is actually what my family-in-law in Greece predicted last, that this shit would last for about 10 years.