Greece and Interest Rates

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Was watching CNBC this morning who was covering the unrest in Greece, and the vote on Austerity. The vote for austerity measures just past.

They mentioned at the time that the interest rate I belive on the 10 yr note was 16.7%. I googled Greek interest rates and here is a article from yesterday. The 2 yr note was close to 30% and the 10 yr. was at about 17%. If Greece is always going to get bailed out, why not by these notes and get the interest. Always the risk of default, but why worry, if the bailouts keep comming.

By the way who owns all these notes and bonds collecting all this interest, while bailouts come from the ECB and the IMF?? I know I don't own any. These are the ones that would loose on a default, but will now get to continue to collect all that interest.

http://sago.com/2011/06/27/there-is-something-rotten-in-the-state-of-greece-also-in-ireland-portugal-spain-and-italy/

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Greece and Interest Rates

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