Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Just as an FYI, all the Greek gov'ts official estimates for the next two years assume an average bond yield rate of 4.5% and 2% contraction. The contraction at this point may be greater, and the bond yields at 5% and recent deals at 5.9% may drive up their portfolio above that 4.5% peg, which would make Greek estimates shy of the reality.

So, it's hard to say whether this is a good thing.

On the positive side, the long-term bonds that are maturing were sold BEFORE Greece entered the eurozone in 2002, and those bonds had a hefty yield in the 7% range.

by Upstate NY on Sun Apr 11th, 2010 at 04:32:19 PM EST
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