Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So what if they sell the already issued bonds?

The "problem" is that the sell-off will make new debt issues more expensive.

But it will also make it possible for governments to buy back some of their old bonds at a profit in the "sell-off".

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Feb 11th, 2010 at 05:02:32 PM EST
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