So much for Venizelos' best, final, and only deal. From Reuters:
Most Greek pension funds holding Greek sovereign debt have agreed to take part in a bond exchange to ease the country's debt burden but four have refused to do so, a Greek official said on Tuesday.
The pension funds have come under pressure from workers' unions worried the writedown on Greek debt holdings will affect the viability of their funds.
About eight or nine funds have agreed to take part but pension funds for journalists, police, the self-employed and hotel workers - which hold Greek debt worth 2 billion euros - have refused, the official said.
The Greek cops refusing to go ahead with the "voluntary" exchange offer? Hmmmm. (and yes - the self-employed in Greece have a state-run pension fund. Brilliant).
Also, according to Dow Jones, this number of dissenting pension funds is 5. What is unknown is how many bonds any of the above non-dissenting funds own.
So how long until we get a headline that due to "unexpected complexities" the PSI deadline has been extended by another X hours?