Monday, May 15, 2017

Dunces in Greece

When Greeks go borrowing, interest charges go way upp as they have no savings and are vulnerable at the short end.
Greece could soon return to debt markets, marking a major step in its recovery from a prolonged debt crisis, opposition leader Kyriakos Mitsotakis, whose conservative party holds a double-digit lead in opinion polls, said on Monday. 

"Returning to debt markets is a fundamental goal," he told a question and answer session at the London School of Economics.

"We may be able to tap capital markets in a protected manner. Assuming we have some visibility on the debt side, assuming we get QE, this could happen within the next months."

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