There is an increasing attention to buy Greek bonds. That's because there is given a high interest being paid on the Government bonds of the Greek Government. That's because Greece combs with a large public debt and investors are not sure whether they can repay its public debt. As a result, there are greater risks and ask investors a higher interest rate. The Greek Government was prepared in March 2010, at 4 percent interest to pay on a loan. In comparison, the interest that the Dutch Government paid on its public debt is about two percent. This is because investors are not afraid that Netherlands no longer meet its obligations.
Sale of Greek Government bonds
The Greek Government has already twice in 2010 a new loan to unsubscribe. Thus she hopes to bring in extra money in order to fulfil its obligations. The Government bonds through five different banks to the man, namely Nomura, HSBC, Piraeus Bank, Barcap and National Bank of Greece. At the second tender was the demand for bonds much greater than the supply. For the Greek Government is that in itself beneficial because they thereby a less need to offer high interest rates because the bonds still be declined.
Review credit position Greece
At the end of 2009 and early 2010 reduced many credit rating agencies assess the Greek bonds. As reduced credit evaluator Standard Poor's & her advice. First it was an A-advice, but this was lowered to BBB +. This means that the Greek Government bonds no longer be seen as a safe investment. This ensures that investors are dropping off, but it also attracts a group of investors who see opportunities correctly. They argue that it is not very likely that Greece its debts could no longer pay. A country is not just bankrupt. Would the European Union not just allow it. Greece is a member of the European Monetary Union, and if the country goes bankrupt, then this also has implications for the euro and thus for the competitiveness of the other euro-countries.
National debt of Greece
Over the next few years, Greece will have to sharply cut back and/or the need to increase taxes. It must do to free up extra money to its debts as soon as possible. Within Greece ensured that impending cuts for much unrest among the population. This is also because they saw the cuts do not arrive. The previous Greek Government had tampered with the budget figures that the budget deficit was not known, not with its own population but also not abroad. The Greek Government had this earlier around the year 2000. Several European leaders reacted furiously and wanted Greece initially does not help. Ultimately, a stable Greece also in the interest of Europe and Europe Greece therefore decided to come to the aid by using a complicated construction yet for a part to guarantee the Government bonds of Greece. source http://articlesubmit.info/buy-and-sell-greek-government-bonds
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