Blessing Doubts PSI Voluntary, Compares to Spanish Inquisition
February 23, 2012, 7:19 AM ESTBy Aaron Kirchfeld
Feb. 23 (Bloomberg) -- Commerzbank AG Chief Executive Officer Martin Blessing said he has issues with calling the Greek debt swap voluntary, comparing it to confessions during the Spanish Inquisition.
Still, Germany’s second-biggest lender plans to participate in the debt swap even though he has concerns with categorizing it as voluntary and not subjecting central banks to the haircut, Blessing said at a press conference in Frankfurt today.
To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net
