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    HomeNewsBusinessCNBC-TV18 CommentsBailing out Greece: Will it help?

    Bailing out Greece: Will it help?

    For the past week, the tiny Peninsula of Greece has once again become the centre of global attention. Just one year ago the European Union granted Greece a 110 billion euro package to meet its debt obligations, in the hope that Greece will solve its problems in a year and be able to borrow on its own.

    June 28, 2011 / 08:21 IST

    For the past week, the tiny Peninsula of Greece has once again become the centre of global attention. Just one year ago the European Union granted Greece a 110 billion euro package to meet its debt obligations, in the hope that Greece will solve its problems in a year and be able to borrow on its own. But one year on, capital markets are still not trusting Greece. Its 10-year sovereign yield is quoting at 30%, while borrowers have to pay 20% to get anyone to sell a credit default protection on five-year Greek bonds.

    While capital markets won
    first published: Jun 25, 2011 01:42 pm

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