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The Greek swap is voluntary.
By now some may be wondering what a "swap" is.
A credit-default swap is like an insurance policy.
"For them to do a swap is a disaster".
But is anyone arguing that this sort of uneven swap is immoral or unsustainable?
That swap is expected to be completed in the coming weeks.
Market participants are waiting to see if the voluntary swap is successful.
The swap is based on the strength of the pound against the Swiss franc.
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The impact of crucial moments, such as the birth-swap, is lost.
"The Malaysian people-swap is not offshore processing, it's offshore dumping," he told reporters in Melbourne.
The Surreal 'Tangiers' Is '1960s Inner-City Britain Meets Withiam Burroughs', In a Video Game.
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