New Definition of "Sustainable" is Six Months; New Word Needed to Replace "Haircut"

For a look at revised definitions, please consider German finance minister rules out Greek debt "haircut" German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek bonds but said in an interview to be aired on Sunday that a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with the reality in the member states of the euro zone," Schaeuble said in an interview with Deutschlandfunk radio.

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New Definition of "Sustainable" is Six Months; New Word Needed to Replace "Haircut"