Доходность по греческим 2-х летним облигациям 38% годовых!
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The Paradox of Deficits
"When you run deficits that are 4-6-8% or more than nominal GDP, at some point things simply back up. Can we ride along for a few years? Certainly. Japan is getting ready to see its debt-to-GDP ratio rise to almost 200%. But everybody can't do it all at once.
Europe, Japan, and the US cannot try to borrow $5 trillion in the next two years without a serious distortion of the bond market, not to mention the entire economic landscape".
www.fxstreet.com/fundamental/analysis-reports/thoughts-from-the-frontline/2009-05-25.html