Markets News Afternoon: Eurozone support plan for Greece mired in confusion; Trichet says loans should have no subsidy element and require extraordinary situation
Mar 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; ECB President Jean-Claude Trichet said today that any loans should come without a subsidy element, dashing the hopes of the Greek Prime Minister George Papandreou that Greece could get loans at rates substantially below the 6%+ rate which Greece currently pays on new 10-year bonds.