Wednesday, February 13, 2013

‘JDX2′ seeks five-point cut in interest rates

http://www.dawgen.com/blog/jdx2-seeks-five-point-cut-in-interest-rates/

THE Government is asking holders of public debt to take up to a five percentage point reduction on interest rates.
It is also asking them to accept a deferral on the repayment of their principal for at least another three years.

What’s more, the finance ministry is saying that it won’t be able to secure a deal with the International Monetary Fund (IMF) without full participation.
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