tag:blogger.com,1999:blog-36227136.post4581378737504197382..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Buying back Greece: another ad hoc deal or a step towards a solution?OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36227136.post-67642248847507484792012-11-29T13:53:01.384+00:002012-11-29T13:53:01.384+00:0055% of the debt now will be paid by EU tax payers....55% of the debt now will be paid by EU tax payers. What a resultRollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-23811793735148595802012-11-28T18:15:08.048+00:002012-11-28T18:15:08.048+00:00More a course bookkeeping EU-style.
Bonds of nomin...More a course bookkeeping EU-style.<br />Bonds of nominal 100 are worth around 35, but are (after some tricking) for around 70 on the BS of the ECB.<br /><br />How to get to the required result:<br />-buy the 100 nominal for 35;<br />and<br />-let the ECB make a profit of 30 (100 minus 70) and distribute it to its ultimate shareholders on basically the same bonds. Riknoreply@blogger.com