Greece mulls way to avoid another bailout

Troika officials were due to arrive in Greece today amid speculation that the country is considering issuing bonds backed by state property assets as it looks for ways to avoid a third bailout and more onerous austerity conditions.

Greece would set up a special-purpose vehicle that it would manage with the EU and which would use the debt to as collateral for further loans from the European Stability Mechanism.


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Comments (10)
  • june1234
    , contributor
    Comments (4504) | Send Message
    Easy borrow more money from ECB to pay back the money you cant pay em and don't forget to cut down on your GDP thats part of the deal
    22 Sep 2013, 08:18 AM Reply Like
  • American in Paris
    , contributor
    Comments (5495) | Send Message
    You are a bit confused. ECB is not involved in the bailout. The money comes two funds set up by Euro nations.
    22 Sep 2013, 01:37 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4297) | Send Message
    Greece cannot fail because it would give the lie to decades of socialist policies in the West. Social and corporate ( fascist) welfare, collectively known as Statism is how the elites hold on to power at the expense of the ever dwindling middle class (serfs) whom they sustain with meager handouts whilst the politicians, bankers and industrialists take the spoils.
    22 Sep 2013, 08:50 AM Reply Like
  • jfwelsh610
    , contributor
    Comments (103) | Send Message
    What can they offer an investor as justification to take this risk with their own money? Where will Greece generate the money to pay the interest and retire these debts? This is just insane!
    22 Sep 2013, 09:34 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13620) | Send Message
    Like they really would make good by turning over State property to bond holders, much like they refuse to sell their gold to cover their other underwater bonds.
    22 Sep 2013, 12:41 PM Reply Like
  • Tack
    , contributor
    Comments (16552) | Send Message
    Hasn't anybody yet figured out that what Greece does or doesn't do is irrelevant to the state of global economies?
    22 Sep 2013, 02:32 PM Reply Like
  • Itemus47
    , contributor
    Comments (33) | Send Message
    canary in the coal mine
    23 Sep 2013, 02:07 AM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1625) | Send Message
    Wow what a surprise. I guess the drastic austerity did not lead to a magic recovery. I wonder why not. Because as austerities go this one was as cruel and painful as they come. Could it be that perhaps austerity does not work.
    22 Sep 2013, 03:02 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4297) | Send Message
    The Greeks don't work either.
    22 Sep 2013, 03:12 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1625) | Send Message
    Racism is such a time-saver!
    22 Sep 2013, 03:42 PM Reply Like
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