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Greece Extend and Pretend again "Elementary, My Dear Watson!"

Ms Merkel told ZDF television on Sunday she had “no doubts” that the IMF come on board. 

She ruled out a haircut on Greek debt, but said there was “room for manoeuvre” for debt relief through loan extensions and lower interest.

Financial Times 16 August 2015

In economicspresent value, also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.

"Elementary, My Dear Watson!"

   Probably the most famous of Sherlock Holmes quotes, "Elementary, my dear Watson," was never spoken by Sherlock Holmes.  That is to say that Sir Arthur Conan Doyle never wrote those exact words for his fictional detective Sherlock Holmes.  However, Sherlock Holmes does say the words "elementary" and "my dear Watson" quite often. Below are a just few examples.

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