The credit rating agency referenced the December 3 offer by the Greek government to private investors to participate in a Dutchauction to exchange their sovereign bonds for short-term paper issued by the European Financial Stability Facility (EFSF).
At a recent lecture at the LSE in London, market editor of The Art Newspaper Melanie Gerlis illustrated this new art world order with a description of the recent auction of a painting by Dutch artist Lawrence Alma Tadema, a long-forgotten Victorian favourite.