For a long trade, the trader buys an asset at a low price with the hope of selling it
at a higher price. Landon-Lane, J., Oosterlinck, K.
(2006), "Hope springs eternal: French bondholders and the Soviet Repudiation (1915-1919)",
Review of Finance, 10, 4, pp. Borensztein, E.; Panizza, U.
(Nov 10, 2010). "The Costs of Sovereign Default: Theory and Reality".
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The reform will introduce acceptance of a slower adjustment path towards respecting the deficit
and debt limit of the SGP, and extend the maximum duration of an Excessive Deficit
Procedure from four to seven years if certain reform requirements are respected.
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26/08/2024
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