Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: mlocher

What’s so stupid about lending money to Greece?

Greek government bonds are yielding around 17%, which is a very good rate.

And you know that these bonds are back by the full faith and credit of the GERMAN government.

Seems like a win/win to me.


7 posted on 05/05/2010 7:15:51 AM PDT by PanzerKardinal (Don't give up any of your rights. They were purchased for you by blood!)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: PanzerKardinal
Greek government bonds are yielding around 17%, which is a very good rate.

The market is telling you that there is a 1 in 6 chance of default. But don't let that stop you from buying.

8 posted on 05/05/2010 7:18:50 AM PDT by mlocher (USA is a sovereign nation)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: PanzerKardinal

the Germans can only be pushed so far. They may very well return back to the DM


27 posted on 05/06/2010 5:44:43 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson