Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
FT.com: Investors flock to Greek bond issue (January 25 2010)
Investors placed about €20bn ($28bn, £17bn) in orders for the five-year, fixed-rate bond, four times more than the government had reckoned on. However, in a sign that Greece is being made to pay for years of fiscal profligacy, the bond carried a record high interest rate spread relative to the rate for German bonds, the eurozone's benchmark.

Greece is under heavy pressure from its 15 eurozone partners to restore discipline to its public finances after it disclosed last year that it had massively understated its budget deficits, partly because of political interference with the national statistical service.

Greece needs about €53bn to fund its debt requirements this year, a task that may prove harder than raising last year's sum of more than €60bn if, as some investors suspect, global financing conditions tighten in the course of 2010.

These figures are in each country's national budgets - they should be no secret though I am not sure where we could readily find the numbers...

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Mon Apr 19th, 2010 at 04:47:39 AM EST
[ Parent ]

Others have rated this comment as follows:

marco 4

Display:

Top Diaries

Après May

by Frank Schnittger - Mar 22
43 comments

The gloves are off

by Frank Schnittger - Mar 20
32 comments

Brexit Fun: The John Bercow Show

by Oui - Mar 18
19 comments

Healing Earth (Through the Waters)

by gmoke - Mar 19
2 comments

No justice for Bloody Sunday

by IdiotSavant - Mar 14
2 comments

People playing games

by Frank Schnittger - Mar 15
50 comments

Occasional Series