Friday, Mar 05, 2010
What again?
Der Spegel: 'The Greek Crisis Induces a Sense of Deja Vu'
Demand for the crucial bond issue was high. The €5 billion issue was massively over-subscribed, with total offers amounting to around €15 billion. Greece reportedly had to offer a rate of about 6.47 percent on the bond -- around 0.40 percentage points above the previous rate -- in order to attract buyers. The rate is twice that offered on comparable German bonds.
Posted by braindeed @ 11:11 PM (520 views) Add Comment
1 Comment
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1. devo said...
If the governments in Paris and Berlin over the next few days step in with aid, the farce will be perfect: a bailout as promised, with uncertain results.