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| Europe |
| Greece borrows at steady rates amid buy-back delay |
| 2012-12-12 |
| [Al Ahram] Greece raised 4.387 billion euros ($5.7 billion) at little-changed interest rates on Tuesday with a special bond issue to pay current bills as the country's debt agency tries to finalise a debt buy-back having extended the deadline. The debt agency borrowed the money via a one-month issue at 3.99 percent, a slightly higher rate than during its last comparable issue, and via a six-month issue at a slightly lower rate of 4.38 percent. Meanwhile, ...back at the hoedown, the fiddler suddenly struck a sour note. The dancing stopped abruptly. Everyone looked at Bob!... the agency is due to conclude the Greek debt buy-back later on Tuesday, to unlock the latest instalment of urgently needed bailout funding from international creditors. |
| Posted by:Fred |
| #2 The only thing that matters is a steady income stream to fund the Oligarchs. It matters not a whit whether the funds are the result of borrowing, theft or printing. |
| Posted by: AlanC 2012-12-12 08:09 |
| #1 The Schengenonite masters know it's theft. The Greeks know it's theft, but they are permitted to continue stealing. All too familiar. |
| Posted by: Besoeker 2012-12-12 01:58 |