Galery

1

The lack of consensus on the Greek issue, differences in Europe for the solution and the apparent inability of the government of George Papandreou to deal with the internal reforms lead to permanent increases in the cost of the country’s external funding, although it has been outside the capital markets for more than a year. The difference between the interest rate on Greek government bonds with that on the German government bonds (spread) has already exceeded 1,500 basis points and the CDS lending insurances have reached almost 3,000 basis points.