Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Irish Independent: Bond yields soar as Germany digs in heels over Greek bailout (11 June 2011)
Germany is insisting that bondholders should have to share the cost of a second Greek rescue, defying the views of ECB president Jean-Claude Trichet who is opposed to a policy he believes would damage financial confidence inside the eurozone.

...

[Mr Schaeuble] wants bondholders to extend the repayment date on Greek debt by seven years. [He] is pressing ahead with his policy despite ratings agencies saying it's likely to be classes as a default by Greece.

...

Mr Trichet said he would back a plan that sees bond investors voluntarily agree to buy new Greek bonds when the ones they already hold mature, but nothing more drastic.



Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Mon Jun 13th, 2011 at 12:10:29 PM EST

Others have rated this comment as follows:

Display:

Top Diaries

The new Greek government program

by talos - Feb 23
160 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
249 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Recent Diaries

The new Greek government program

by talos - Feb 23
160 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
249 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Greece's Plan B?

by Migeru - Feb 3
266 comments

Deflationary QE

by afew - Jan 28
31 comments

More Diaries...

Occasional Series