MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Greek Debt 'Relief' Leaves Greece w/Higher Debt
By NCD on Wed, 02/22/2012 - 10:33am |The 'rescue package' appears to reduce interest rates on some bonds held by hedge funds and banks, while more than making up for that 'relief' with a new EU loan which is more than the purported savings on the previous bonds. This is 'relief'? For Greece or hedge funds and banks?
...The deal in Brussels gives Greece its second financial lifeline in less than two years — a combined package of foreign loans equivalent to about €22,000 ($29,000) for every Greek citizen, children included. National debt already amounts to about €32,000 ($42,300) each....
URL:
http://ca.finance.yahoo.com/news/greece-elation-debt-relief-tempered-133242874.html
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