Talks on the third wave of financial aid for Greece have come to an end (finally), during last night's second crisis summit held in Brussels. The conclusion? Greek bondholders will accept a 50% haircut on Greek debt, while the EU will provide guarantees and collateral through the EFSF and will work on the recapitalization of European Banks. The "hot potato" question still remains? Who is going to provide the money for all this? The US, the IMF, China ?
