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Saturday, May 14, 2011

Final Portugal bailout terms expected Monday, maybe Greece update too

by Calculated Risk on 5/14/2011 08:36:00 PM

From the Telegraph: EU to unveil Greece and Portugal bail-outs

Brussels is expected this week to unveil the details of its €78bn (£69bn) rescue for Portugal as it attempts to hammer out a second emergency package for Greece.
Final terms of the Portuguese deal will be unveiled after the meeting of eurogroup finance ministers on Monday. Portugal is expected to be charged an average loan rate of about 5.5pc – cheaper than Ireland's 5.8pc but more expensive than the Greek level of just over 4pc.
This might impact the timing, from the NY Times: I.M.F. Head Is Arrested and Accused of Sexual Attack

Summary for Week Ending May 13th