As Greeks Look To Sell Debt, Ignore These IssuesMark Melin
After securing its latest tranche of bailout debt from the European Central Bank, Greece’s left-wing Syriza government is ready for more. Investors in Greece’s government debt might try to forget GDP levels are at 179%, among the highest in the world and second only to Japan in among developed Western nations. They also might want to forget the ECB and Troika of forces in the region have yet to forgive any of its debt -- a key thesis in a recent rating upgrade. The cash strapped government, which was recently selling off assets and reducing benefits to government . . .
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