FBF plan a can-kick in the right direction

When a mysterious document appeared online this week outlining how the Fédération Bancaire Française might encourage Greek bondholders to refinance the country until 2014, it coincided with the passing of austerity measures through the Greek parliament to bring about that rarest of sights: a rally in Greek bond prices. But Greece is still essentially bankrupt and still nothing is being done to address that.