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Spain will have a 5-year grace period period before it must start paying back its bailout loans,...

  • Wednesday, June 13, 2012, 7:40 AM ET
    Spain will have a 5-year grace period period before it must start paying back its bailout loans, according to El Mundo. The country will pay 3% interest and will have until 2027 to return the principal. If true, the sweet terms should go over well in Greece ahead of this weekend's elections.
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This news story has 8 comments:

  • Game of chicken....
    13 Jun 2012, 07:41 AM Reply Like
  • I think the Greeks are going to be unhappy no matter the terms anyone else gets. That seems to be their constant state of being.
    13 Jun 2012, 07:59 AM Reply Like
  • Consider that most everyone who can do so has already left Greece and that the ones left are those who can't leave. You'd be unhappy too.
    13 Jun 2012, 10:34 AM Reply Like
  • from below...

    Iceland's central bank raises its key rate by 25 bps to 5.75%. "The economic recovery is broadly based, and the growth in domestic demand is robust. Signs of recovery in the labour and real estate markets are steadily growing stronger."
    13 Jun 2012, 08:03 AM Reply Like
  • Shhh... let's keep that Iceland story on the down-low, lest failed institutions be allowed to fail. Then who would be left to finance our well-oiled plutocracy??
    13 Jun 2012, 12:02 PM Reply Like
  • The Swiss gets a better deal their 10 year bond yield is .55%...
    their 2 year is negative .34%
    13 Jun 2012, 10:53 AM Reply Like
  • The only loan to Greece that is likely not to default is a 0 coupon perpetual loan. There is a chance (but no guarantees here) that Greece may not default on that. Of course, there should be no loan covenants.
    13 Jun 2012, 12:44 PM Reply Like
  • This is not how you solve anything.
    13 Jun 2012, 03:52 PM Reply Like
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