4 ms·
Greece has it's government bonds written down by 50% but next week the Irish government is due to pay €700m to un-guaranteed senior bondholders in Anglo Irish B
by hopeless 15y ago
Greece has it's government bonds written down by 50% but next week the Irish government is due to pay €700m to un-guaranteed senior bondholders in Anglo Irish Bank (one of our zombie banks). It beggars belief.
- anigbrowl 15y agoYes, but the yield on Irish 10 year government bonds is 6.09%, while Greece is paying 7.82%. After that payment takes place the coupon on Irish bonds will go down, possibly under 6%.