Euro finance ministers to agree on Greek aid: source
March 15, 2010 at 01:00 AM EDT
Without an interest rate and a credible quantity pledged, the agreement is grossly deficient. The way Greece obtains funding is by offering ever higher rates until there is a taker. So let’s say they offer securities at 5%, then 6, then 7, then 10, then 15, then 20 with no takers. How high do [...]