Greece is offered 30bn euros loan
April 11, 2010 at 13:29 PM EDT
Yes, this is the first ‘real’ offer, with a rate and a quantity. I heard it requires approval of all 16 member nations. This could initially stabilize the bond markets if/when approval is discounted, with short covering in the euro as well. The terms and conditions include IMF ‘austerity’ measures which will act to slow the economy of [...]