''..By the end of 2011 Greece’s debt will be around 150 percent of its gross domestic product. (The numbers here are based on the 2009 International Monetary Fund Article IV assessment.) About 80 percent of this debt is foreign-owned, and a large part of this is thought held by residents of France and Germany. Every 1 percentage point rise in interest rates means Greece needs to send an additional 1.2 percent of G.D.P. abroad to those bondholders.
Imagine if Greek interest rates rise to, say, 10 percent. This would be a modest premium for a country with the highest external public debt/G.D.P. ratio in the world, a country that continues (under the so-called austerity program) to refinance even the interest on that debt without actually paying a centime out of its own pocket, while struggling to establish any backing from the rest of Europe. At such interest rates, Greece would need to send at total of 12 percent of G.D.P. abroad per year, once it rolls over the existing stock of debt to these new rates (nearly half of Greek debt will roll over within three years)..''
Το γνωρίζουμε γι' αυτό έχουμε αγοράσει και CDS
ReplyDeleteΑν αγοράσατε γι αυτούς τους λόγους καλά θα κάνετε να τα πουλήσετσ γρήγορα και με τα κέρδη σας να αγοράσετε μια βάρκα 4,5 μ. με τέντα εναντίον της τρύπας του όζοντος.
ReplyDelete