SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: philv who wrote (31314)4/12/2010 9:24:16 PM
From: sea_urchin  Read Replies (1) of 81177
 
Phil > The eurozone area and wider European Union is now “on the brink” of disintegration unless Germany steps up and provides loans at below-market rates to Greece, George Soros, the hedge fund manager, has warned.

First, we let them squirm, then we print the money, then we've got them by the balls.

imarketnews.com

>> The package, E30 billion of loans from eurozone members plus another E10 billion contributed by the International Monetary Fund, are designed to counter any difficulty that Greece may have in refinancing is maturing debt through the financial markets.

Reports said that the rate on the loans to Greece would be in the region of 5%, significantly cheaper than the country can currently borrow given market sentiment at the country's diminished credit rating. <<
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext