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Jake's Greek LTE, questions and discussion | 51 comments (51 topical, editorial, 0 hidden)
Re: Jake's Greek LTE, questions and discussion (4.00 / 3)
Ireland has other capital resources (e.g. Pension reserve fund) it could use to buy out some of the debt. But then the ECB wouldn't get 5.8% on the money it is so generously using to "bail-out" the Irish: Money it borrows at 3% and thus makes a cool 3% on.

You see, we don't want a fiscal transfer Union from the centre to the periphery - its supposed to be the other way around...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Apr 5th, 2011 at 09:16:21 PM EST
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Jake's Greek LTE, questions and discussion | 51 comments (51 topical, 0 editorial, 0 hidden)
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