Possible Greek facts

by on January 25, 2012 at 7:34 pm in Economics | Permalink

It was funny when the first Greek bond hit a yield of 100 per cent, says investment editor James Mackintosh. But Greece may be the proud issuer of the first bond to yield more than 1,000 per cent outside periods of hyperinflation.

The explanatory video is here.

1 TallDave January 25, 2012 at 9:19 pm

Here’s a riddle: what would have happened to Zimbabwe if they’d been a euro country?

2 The Original Frank January 25, 2012 at 10:24 pm

Clever. They would no longer have been a Euro country! 🙂

3 libert January 25, 2012 at 11:26 pm

What’s the difference between a “possible fact” post and a “claims about…” post?

4 steve January 25, 2012 at 11:52 pm

Insane. Why would a government even sell a bond with %1000 interest. It gains them what? A month before they are in an even deeper hole.

5 Rahul January 26, 2012 at 12:30 am

After a point all holes are equally deep.

6 Jordan January 26, 2012 at 1:43 am

They aren’t issuing bonds at this rate, existing bonds are trading at this rate. I don’t believe they are issuing bonds on the market at all, in fact.

7 Anon. January 26, 2012 at 6:27 am
8 Marcos January 26, 2012 at 4:41 pm

It earns them some free money just before they default.

9 Samuel January 26, 2012 at 12:46 am

At first I thought “Funny” wasn’t quite the right word.

10 john haskell January 26, 2012 at 6:58 am

is anyone else getting an ‘error’ when they try to watch the ft.com video?

11 john haskell January 26, 2012 at 7:15 am

oh, back up now O-PA!

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