Posts tagged 'OSI'

Finland has a swap… that’s a bit pointless

Somehow — was it the ludicrous secrecy, maybe? — you could tell this was coming.

On Wednesday, Jan Hurri at Taloussanomat took advantage of the Finnish government’s recent doc dump in order to reach a conclusion about its deal for ‘collateral’ on Greek bailout loans: Read more

On Greek elephants

While Lagarde and Juncker go at it in the policymaker equivalent of hammer and tongs over timetables, there’s a risk here of people forgetting the numbers involved. Because they don’t add up.

Consider these two tables from David Mackie at JP Morgan. Click to enlarge. Read more

The return of the Greek buyback (boondoggle)

We’re feeling very nostalgic. From the WSJ:

Euro-zone countries are considering a proposal that would see Greece cut its debt by buying back bonds held by private creditors at a discount.

The exercise–one of a number of options being studied–could persuade the International Monetary Fund to sign off on a loan payment desperately needed by the debt-laden country and keep Greece’s bailout on track for the medium term, two officials with direct knowledge of the discussions said Thursday.

 Read more

Top of the OSI to you [updated]

Via RTÉ News earlier, hat-tip Lorcan…

In an effort to secure a return of Ireland to the markets, sources say the Troika is considering adjusting the terms of the country’s repayments. Instead of paying back EU loans over an average of 15 years it is considering extending them to 30 years.

 Read more

Greece, the post-election questions

The New Democrats are off to attempt forming a coalition, Pasok’s busy making itself look important but will probably join, while Syriza says it’ll be “very powerful” in opposing them. It’s already conceded to, and ruled out allying with, the NDs.

So… Read more

It’s Mostly Fiscal (Transfer)

Our Brussels Blog colleague Peter Spiegel has penned a great piece on the latest IMF report into Greece, covering the Hellenic Republic’s ‘Request’ for the second bailout.

Even at more than 200 pages, the report’s worth reading. Read more