Friday, April 23, 2010

Some Key Dates to Watch on Greece- $EWG $NBG

Greece has talked about launching a US$-denominated bond issue and its not clear if the request will disrupt that plan.  In terms of when it would get EU/IMF aid, Greece said Fri it anticipated receipt of the aid prior to May 19, when it has an EU8.5B bond due.  According to Reuters which Im not sure anyone could believe after the string of inaccurate stories these guys have reporting but anyways France said it hoped to approve its portion between May 3-6. German Finance Minister Wolfgang Schaeuble, who will meet top lawmakers on Monday to discuss fast-track approval for loans to Greece, said Berlin would make its contribution if the EU, the ECB and the IMF agree Athens needs help.  The US said it supports Greece’s decision to seek activation (the US has a veto on the IMF and could theoretically block the move if it) How absurd is it that, kinda like Mike Tyson giving someone tips how to manage there money.

No comments:

Post a Comment