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Greece paying 22% to borrow for two years.

Wednesday, 20 April 2011 18:20 The Mad Numismatist

As of writing the Greek 2 year debt is trading for less than 60 cents on the Euro, creating a record real interest rate of 22%.

Five year debt is slightly lower, at just under 20%.

Greek five year debt

Just how long can Greece, the other basket case countries and the EU continue the charade that all is well?

Greece paying 22% to borrow for two years.