Der Spiegel reports:
The most recent idea propagated by Greece is that of bonds that never have to be paid back -- but it too was rejected.
Note: Other indications are that the new officials running Greece will cave, break their promises to the voters who elected them and cut a deal with the banksters that will be favorable to the banksters and not Greece.
-RW
--" The most recent idea propagated by Greece is that of bonds that never have to be paid back "--
ReplyDeleteSo they're not really bonds but donation slips.
Wonder why the idea was rejected... Hmm.
Interest-only mortgages work swell for marginal debtors in San Francisco. Why not marginal countries? The EU could fix Greece up and flip it to China.
ReplyDeleteUS Treasury bonds?
ReplyDelete