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Greece: When Is Voluntary Not Voluntary?

Monday, 5 Mar 2012 | 1:30 AM ET

"I don't expect that politicians can defend that savers earn 10 percent interest rate and do not consider a default of such high yields accordingly," Prof. Norbert Walter, managing director and economist at Walter & Tochter Consult, told CNBC. "Therefore, to bail in 'bail in' the private savers is quite natural," he added.