Discussion in 'Wall St. News' started by ASusilovic, Jul 11, 2011.
Greece bonds to be bought on secondary market. Volume : 50-60 billion EURO?
They've openly been discussing Eurobonds.
As far as I know it remains unconstitutional for Germany and possibly other countries I don't know of. So I don't think Eurobonds are in the pipeline.
Late on Monday night, the ministers attempted to respond to the pressure, announcing at the close of an eight-hour meeting that they had reopened the possibility of using the eurozoneâs â¬440bn bail-out fund to repurchase Greek debt on the open market.
Schauble has explicitly excluded Eurobonds as they would be in contradiction to basic German law.
Well, they better do something soon. I have a feeling they're Staring into the abyss.
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