το ενοίκιο είναι πολύ υψηλό βλασφημία

yoganmahew · February 12, 2011, 10:10pm

ftalphaville.ft.com/blog/2011/02 … rest-rate/

Fix the EFSF – lower the interest rate?
Posted by Tracy Alloway on Feb 04 09:07.

Even if the interest rates charged by Europe’s Financial Stability Facility (EFSF) are lower than we thought they would be, they’re still counterproductively high.

Here’s why, from CreditSights (our highlights):
At the end of 2010, Greece’s average interest cost was around 4.1%, the interest expense was €13.3 billion. The weighted average coupon on the two-years and longer bonds is 4.6%, equivalent to an annual cost of €11.4 billion. If Greece is able to borrow at the same rate as Ireland’s 5.7%, buying back half the two-year plus debt at a 31% discount to par would push up the average interest rate on longer-dated debt to 5%, but reduce the interest expense on that part of the debt to €10.6 billion…

mikewest · February 12, 2011, 10:14pm

Whats with the greek?

dolanbaker · February 12, 2011, 10:14pm

Είναι όλα τα ελληνικά μου!

mikewest · February 12, 2011, 10:19pm

Τι νέα

Edit: Oops! sorry db, I thought it was another smart comment from ym

yoganmahew · February 12, 2011, 10:41pm

Did you translate it? Well, presumably that’s what they’re saying in Athens/

mikewest · February 12, 2011, 10:53pm

This article along with a few others over the last few months have got me to wondering what the ECB are worried about/planning in 2013. An awful lot of crud around europe come to a head in late spring 2013. Am I seeing something that doesn’t exist? I will admit I haven’t been following stuff as closely as normal over the last 2 months as business has picked up hugely and I don’t have as much time for reading and thinking.

Edit:

Yep and if they aren’t then they are part of the Athens FF cumman