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Well, states are still issuing bonds, but when it comes to loans, all kinds of public and private entities are financing themselves through bonds because those don't count as "debt". You thought that deal Goldman Sachs[*] structured for Greece was a one-off?

[*] Apparently Mario Draghi, the current frontrunner to succeed Trichet, was involved in this...

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Thu Apr 21st, 2011 at 01:17:20 PM EST
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